S&P 500 sellers have time to take a break

20 june 2022 67
Ivan__Titov
Ivan__Titov

Listed among the best MarketCheese authors
3rd in the segment "Indices"
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The S&P 500 Index continues its way down, renewing last week's minimums since December 2020. A tiny try to organize a rebound after the Fed meeting on June 15 failed, but the "bulls" can organize another attack on the "bears'" positions.


The daily RSI graph is now close to an oversold zone. The last time such a situation occurred in January, the upward rebound of 9% was the result. The "doji star" also indicates the possibility of changing the short-term trend.


A gap at the 3900 level might become the target for the buyers.

Ivan__Titov
Ivan__Titov

Listed among the best MarketCheese authors
3rd in the segment "Indices"
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