S&P 500 Technical Analysis – The pullback extends further ...Middle East

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S&P 500 Technical Analysis – The pullback extends further
Fundamental OverviewThe S&P 500 has been on the backfoot recently as the goldilocks data led to a strong rotation into small caps stocks. Yesterday, there was general weakness across all the indices although it wasn’t triggered by any catalyst. The fundamentals haven’t changed, on the contrary, they strengthened the case for a soft landing. People got too used to 1% pullbacks, but 3 to 5% pullbacks are normal. S&P 500 Technical Analysis – Daily TimeframeOn the daily chart, we can see that in case pullback deepens further, 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 sellers, on

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