Related posts
Nervous markets await NvidiaThis summary was created by AI, based on 1 opinions in the last 12 months.
According to Jessica Inskip's technical analysis, the S&P 500 Index (SPX-I) is currently experiencing increased volatility, influenced by a strong job market and higher inflation rates. The recent post-election rally had pushed the index upward, but it has now closed below a critical support level of 5,850, finishing the week at 5,827, which raises concerns about a further decline. Analysts are particularly wary, as the next support level is identified at 5,783. The Ichimoku Cloud indicator suggests a bearish trend, indicating that the overall chart has turned negative. Inskip warns of the possibility that the index could retrace the entire post-election rally, bringing it closer to 5,783 and breaking below the 13-week moving average signifies weakening momentum in the market.
S&P 500 Index is a OTC stock, trading under the symbol SPX-I on the (). It is usually referred to as or SPX-I
In the last year, 1 stock analyst published opinions about SPX-I. 0 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for S&P 500 Index.
S&P 500 Index was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for S&P 500 Index.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
1 stock analyst on Stockchase covered S&P 500 Index In the last year. It is a trending stock that is worth watching.
On , S&P 500 Index (SPX-I) stock closed at a price of $.
The post-election rally kept the S&P up, and Inskip was hoping it would remain above 5,850, a key level. It closed the week today at 5,827, crossing that support. Next level of support is 5,783. According to the Ichimoku Cloud, the S&P chart has turned negative, bearish. Inskip thinks we could roll back the entire post-election rally, taking us down to 5,783. The S&P broke below the 13-week average.