Two Blokes

S&P 500: Top Of The Range, Death Cross - Sell

  • click to rate
    Posted by Two Blokes Apr 15 - Filed in General - #TwoBlokesTrading  - 3 views
    The bounce is likely exhausted as the S&P 500 Index faces key resistance at the 5500 level, while the 50/200dma death cross is forming. Fundamentally, the S&P 500 Index is facing the Q1 earnings season, where companies are likely to guide lower, and analysts are likely to sharply reduce the earnings growth for 2025.