quantguy

Another Lackluster Week for Stocks?

Kort
FX:SPX500   S&P 500 index
Stocks opened the APAC session weak (as expected). The markets appear to still be pricing in the recession and the results of the FOMC September 21. We aren't likely to get much of a break in stocks until after this rate hike, which some conjecture might be the last. The S&P 500 saw support from 3909, which was an auspicious level corresponding to a July low. The Kovach OBV, however, is still very bearish, suggesting that it will be an uphill battle for the stock market to claw back highs. If we get a relief rally, then we could test 4009. If we press lower, then 3848 is a reasonable target.

Join my discord at discord.io/quantguy
Frånsägelse av ansvar

Informationen och publikationerna är inte avsedda att vara, och utgör inte heller finansiella, investerings-, handels- eller andra typer av råd eller rekommendationer som tillhandahålls eller stöds av TradingView. Läs mer i Användarvillkoren.