bullish

Decision Time for Bulls and Bears

334 Views27 Feb 2023 06:15
SUMMARY
  • As the S&P 500 tests a critical support level as defined by the falling trend line, it’s technical decision time for both bulls and bears.
  • A break of support opens the door to considerable downside risk to the 200 wma at about 3715.
  • On the other hand, a relief rally is likely to be capped at resistance of about 4180.
Begin exploring Smartkarma's AI-augmented investing intelligence platform with a complimentary Preview Pass to:
  • Unlock research summaries
  • Follow top, independent analysts
  • Receive personalised alerts
  • Access Analytics, Events and more

Join 55,000+ investors, including top global asset managers overseeing $13+ trillion.

Upgrade later to our paid plans for full-access.

or
Already have an account? Sign In Now
Discussions
(Paid Plans Only)
x