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S&P 500 Index

Conflicting signals for the S&P 500 just off its record high

By CityIndex
Broker
The S&P 500 closed less than 4 points from its record high on Wednesday. On one hand, the reversal candle with bearish volumes suggest a pullback, on the other we've seen bears humbled under similar scenarios over the past 18 months. Today I explain why I think a bullish breakout is on the cards, while highlighting my bearish concerns for market positioning.

Matt Simpson, Market Analyst at City Index and Forex.com
Candlestick AnalysisCOTfuturesIndicesMultiple Time Frame AnalysisSPX (S&P 500 Index)S&P 500 (SPX500)Technical AnalysisTrend Analysisvideowallstreet
CityIndex
Broker
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