US500 neutral

Bulls attempt to hold back S&P 500 drop below 4000

16 may 2022 79
Konstantin_Kochkin
Konstantin_Kochkin

Listed among the best MarketCheese authors
2nd in the segment "Crypto"
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Last week, the U.S. broad market index declined to last April's round level of 4000 and even lower.


Today the bulls are trying to hold that level.


In case of success, we might see the S&P 500 rising again to 4150 and possibly 4300, otherwise there is a possibility of the index drop to 3850 and 3750.

Konstantin_Kochkin
Konstantin_Kochkin

Listed among the best MarketCheese authors
2nd in the segment "Crypto"
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