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AlyaAkram

SPX And The CPI Week

Long
S&P 500 Index (SP:SPX)  
AlyaAkram  
SP:SPX   S&P 500 Index
Technical Indicators Trend Analysis Fundamental Analysis S&P 500 (SPX500) SPX (S&P 500 Index) NASDAQ 100 CFD SPDR S&P 500 ETF (SPY) QQQ qqqlong CPI inflation sp500index
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The S&P500 index SPX surged by +1.31% last week to close above 4400 resistance level. The index is showing that there's more potential is yet to come, to hit 4520 next.

The week ahead:
  • The meeting between US President Biden and China President Xi is the highlight; there is also US CPI and retail sales, the former being a key input into the Fed's policy deliberations; China activity data will also be released.
  • Sectors that may witness higher volatility are; Big techs, EVs, Oil & Gas and Semiconductors stocks.
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