S\u0026P 500 Forecast: Index Continues to Look Heavy

Christopher LewisGet DailyForex analysis to your emailThe S&P 500 has undergone a slight dip, and traders are paying close attention to the 4100 and 4200 levels.experienced a slight dip during the trading session on Wednesday, exhibiting a lot of fluctuation in the market.

Even if traders have a bullish view of the market, it is essential to acknowledge that gravity comes into the picture sooner or later. The 50-Day EMA had broken above the 200-Day EMA, marking a “” indicating a bullish sign, but there are instances where this indication comes a little too late.

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JPMorgan's top stock strategist says market gains make little sense, S&P 500 to retest lowsTop Wall Street strategist Marko Kolanovic said the recently rally in stocks makes little sense, prompting him to warn of a potential reversal. Uh oh... someone has a lot of puts at play. lol. It makes plenty of sense if you look at how many put options expired out of the money last month. And here’s some breaking news: this “top strategist” knows that. Lots got hammered 🔨 on calls today. Of course, they would say that.
Source: CNBC - 🏆 12. / 72 Read more »