S&P has a channel resistance above 4400; nearby support rests at the 4187 50-day MA and 4155 May 24 gap. More significant medium-term support remains in the 4000-4100 area, which we think acts as a floor in the weeks ahead.
IMPORTANT:
Please remind yourself that this is just my personal view on the market. My analysis should NOT serve as any recommendation to buy or to sell.
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Please remind yourself that this is just my personal view on the market. My analysis should NOT serve as any recommendation to buy or to sell.
Always make your analysis of your own before your trade.
If you find useful my analysis, please hit the LIKE button and follow me.