S&P 500 Index can see a base and a deeper recovery on a break above 3807/10 – Credit Suisse
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for PREMIUM VERSION HERE to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level4)]
S&P 500 above 3687/77 can keep the immediate risk higher for a test of 3807/10. Nonetheless, a break above the latter is needed to see a base established, analysts at Credit Suisse report.
“Support at 3687/77 holding can see the immediate risk stay higher for strength back to 3763 and then the current October high and 38.2% retracement of the August/October fall at 3807/10. Beyond here is needed to mark a near-term base though and a more concerted recovery for a test of the 630-day average, currently at 3947.”
“Below 3687 can instead raise the likelihood we are set to see a more choppy sideways phase and a retest of the 200-week average at 3606/04.”
[/s2If]
Join Our Telegram Group
