fxstreet.com 23 Feb, 2021 14:45 am

Below 3885 confirms a correction lower towards 3819/17 – Credit Suisse

Below 3885 confirms a correction lower towards 3819/17 – Credit Suisse
S&P 500 has confirmed a small “head & shoulders” top below 3885 following the move to 3900 and the Credit Suisse analyst team continues to look for a

S&P 500 has confirmed a small “head & shoulders” top below 3885 following the move to 3900 and the Credit Suisse analyst team continues to look for a correction lower to 3819/17 and potentially to 3792/74.See – S&P 500: Higher interest rates and peaking earnings revisions to be difficult to handle – Morgan Stanley Key quotes “We maintain our view of looking for a correction lower with support seen at 3852 initially, the 38.FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.It also does not guarantee that this information is of a timely nature.

” “Resistance moves to 3885 initially, with the immediate risk seen lower whilst below 3903/07.” “We see scope for an overshoot into the 3792/74 early February price gap but with the rising 63-day average not far below here at 3761, we look for a floor here for a resumption of the core uptrend.

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