S\u0026P 500 Forecast: Continues to Move to Inflation and Earning

Upon a balanced evaluation, it is plausible to anticipate an upward trajectory, possibly retesting recent highs.

In the event of a downturn below the 50-Day EMA and the established uptrend line, a deeper retracement towards the 200-Day EMA becomes plausible, situated significantly lower. Presently, the prevailing sentiment leans towards a positive trajectory for the long term. Yet, amidst earnings season, the market often experiences periods of heightened volatility and turbulence, adding an element of unpredictability.

Shorting the index, in light of this, necessitates careful consideration. The S&P 500's propensity to ascend over time requires traders to approach short positions with caution. Such attempts may find more success in brief and strategic bursts rather than prolonged endeavors.

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Dow, S&P 500 post back-to-back declines ahead of key inflation reportU.S. stocks finished lower for a second session in a row on Wednesday, in a selloff that intensified into the closing bell, ahead of Thursday’s release of the July consumer-price index.
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