It has been awhile since we published our last posts on S&P 500 Index and NASDAQ Index. While we all overwhelm by the continuous sizable market slides, today we take a peek at where things stand and where all these key supports and resistances are. Whether the market goes up or down, it has to work through these price levels.
From a technical standpoint, the market is way oversold and a technical bounce is in order. However, inflation and the War are still on the horizon. These negative fundamentals will prevent the market from going higher.
SPX daily chart (May 10th, 2022)
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