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S&P 500

Now 2010 Is All That Matters

Now 2010 Is All That Matters

BofAML's Stephen Suttmeier views the 61.8% retracement of the May-Feb decline at 2010.72 as critically important. A failure to close above this retracement would send a bearish message, especially given negatively positioned and falling 100 and 200-day moving averages.

Key SPX levels: Watch that 61.8% retracement at 2010.72

 S&P 500 resistance at 1990-2025 has limited the rally this week. This is a confluence of chart, 100/200-day MA, and Fibonacci levels.

 

 

10 Warning Signs of A Dangerous Stock Market

10 Warning Signs of A Dangerous Stock Market

Authored by Attain Capital, via Valuewalk.com,

While many investors may be breathing a sigh of relief thanks to the bounce off the February low, with the S&P up 11% since the start of February – it’s still not all lollipops and rainbows out there in market-land. There’s some worrying undercurrents that could spell more trouble ahead, not to mention pros like Jeff Gundlach claiming there’s just 2% of upside in the S&P 500 and 20% downside.

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