A unique situation has arisen in the market where the reward for the risk associated with stock investments is nearly equivalent to the yield on 10-year US government bonds. The prices of debt securities are steadily declining, and only a substantial collapse in the stock market can restore demand for them.
Barclays' analysts share a similar viewpoint. However, there are currently conditions for a stock market recovery, especially if the unemployment rate in the US exceeds analysts' expectations.
Therefore, our focus today is on the SPY ETF, which invests in companies comprising the S&P 500 index.
On the D1 timeframe, resistance has formed at 430.30, with support at 420.12. If quotes consolidate above 425.01, this will likely trigger the beginning of an upward trend. Additionally, the price has moved closer to the 200-day Moving Average, which typically results in a rebound.
On the H1 timeframe, the short-term target for the price increase is around 435.80, while in the medium term, it could reach 445.75.
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Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67.85% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Barclays' analysts share a similar viewpoint. However, there are currently conditions for a stock market recovery, especially if the unemployment rate in the US exceeds analysts' expectations.
Therefore, our focus today is on the SPY ETF, which invests in companies comprising the S&P 500 index.
On the D1 timeframe, resistance has formed at 430.30, with support at 420.12. If quotes consolidate above 425.01, this will likely trigger the beginning of an upward trend. Additionally, the price has moved closer to the 200-day Moving Average, which typically results in a rebound.
On the H1 timeframe, the short-term target for the price increase is around 435.80, while in the medium term, it could reach 445.75.
—
Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67.85% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.