Fundamental OverviewThe upward momentum in the S&P 500 has been kept at bay recently as the goldilocks data triggered a strong rotation into small caps stocks with the Russell 2000 having its best week in 24 years. It also looks like the rotation has been driven by hedge funds facing short squeezes on their small cap hedges as yields come down. This is just internal market dynamics as the fundamentals have not changed. S&P 500 Technical Analysis – Daily TimeframeOn the daily chart, we can see that in case we get a deeper pullback, the buyers will find a good support zone around the 5500 level where we can find the confluence of the trendline and the 38.2% Fibonacci retracement level. The sel
Hence then, the article about s p 500 technical analysis rotation continues to weigh on the market was published today ( ) and is available onforex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( S&P 500 Technical Analysis – Rotation continues to weigh on the market )