The S&P500 index started the new trading week cautiously. However, the basic course towards the north remains decisive and it is therefore not surprising that market participants have already taken hold again around 3,900 points. Once again, the support level of 3,900 points was confirmed and retains its relevance for further price development. Above this level, the situation remains bullish in the short term. A rise above the round and at the same time psychologically important 4,000 point mark should fuel further attention and interest among market participants. As a result, a sustained performance to the next target at 4,204 points is quite realistic in the further course of the upcoming spring months.
A daily close below 3,880 points, on the other hand, could trigger a sharper decline to support at 3,730 points. Below that, there would be even much greater downside potential to the support zone at around 3,560 points.
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Despite careful analysis, Global Investa assumes no responsibility for the content, timeliness, accuracy or completeness of the information provided. In particular, the information provided does not constitute investment advice, a recommendation to buy or investment brokerage and can in no way replace investor- and investment-appropriate advice from a professional investment advisor who takes into account the client's individual economic circumstances and level of experience.
A daily close below 3,880 points, on the other hand, could trigger a sharper decline to support at 3,730 points. Below that, there would be even much greater downside potential to the support zone at around 3,560 points.
If you liked the analysis, we would be pleased if you liked or subscribed to it. By doing so, you support our work enormously!
Notice:
Despite careful analysis, Global Investa assumes no responsibility for the content, timeliness, accuracy or completeness of the information provided. In particular, the information provided does not constitute investment advice, a recommendation to buy or investment brokerage and can in no way replace investor- and investment-appropriate advice from a professional investment advisor who takes into account the client's individual economic circumstances and level of experience.