S&P 500 Index needs to break above 4178 to resolve the near-term range higher – Credit Suisse SP500 Banks
deeper recovery with resistance seen at the 38.2% retracement of the 2022 fall at 4195, then the 63-day average at 4263.“We remain biased to a deeper corrective recovery/consolidation. Above the near-term range high at 4178 is needed to add weight to our view for a test of the 38.2% retracement of the entire 2022 fall at 4195.
“Near-term support moves to 4138/33, then 4110. Below 4080/58 is needed though to see the risk turn lower again with support then seen next at 3985.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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