S&P 500 Index: Key resistance at 4,312/4,325 to cap – Credit Suisse SP500 Technical Analysis Banks
S&P 500 has surged higher for a test of next key resistance at 4,312/4,325, analysts at Credit Suisse report.The S&P 500 has surged higher and strength has already extended to the cusp of next key resistance at the summer 2022 high and 61.8% retracement of the entire 2022 fall at 4,312/4,325. Our bias remains to try and look for a fresh cap here and correction lower.
Support is seen at 4,221 initially, beneath which can ease the immediate upside bias, with support then seen next at 4,166. Only below 4,104 though would be seen to mark a near-term top and a more decisive failure at 4,312/4,325.Information on these pages contains forward-looking statements that involve risks and uncertainties.
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