I love the data and trend analysis below.$SPX trend

Ryan_Z0528
08-19

The $S&P 500(.SPX)$ has recently experienced a significant two-week rally, marking one of the best weeks of the year.

This surge is attributed to optimism about a potential 'soft landing' for the economy, leading to cautious bullishness among investors. However, expectations for the market's future are mixed.

Some traders anticipate a continuation of the bullish trend with key resistance levels identified around $555 to $557 for $SPDR S&P 500 ETF Trust(SPY)$ , suggesting that surpassing these levels could further fuel the upward momentum.

Conversely, others are more bearish, pointing to technical indicators like ABC correction patterns and Fibonacci retracements, which suggest a possible market correction.

Discussions also focus on the importance of upcoming economic data, particularly unemployment numbers, which could significantly influence market direction.

I love the data and trend analysis below :

The most anticipated earnings releases for the week of August 19, 2024 are Palo Alto Networks #PANW, Snowflake #SNOW, ZIM Integrated Shipping #ZIM, Target #TGT, Estée Lauder #EL, CAVA #CAVA, Baidu #BIDU, OSI Systems #OSIS, Zoom #ZM, and Macy's #M. The most anticipated earnings releases for the week of August 19, 2024 are Palo Alto Networks #PANW, Snowflake #SNOW, ZIM Integrated Shipping #ZIM, Target #TGT, Estée Lauder #EL, CAVA #CAVA, Baidu #BIDU, OSI Systems #OSIS, Zoom #ZM, and Macy's #M.

Take Profit as S&P Hits 5800 or Hold Till 6000?
As the stock market hits record highs more than 40 times this year, there are concerns that history might repeat itself and another financial crisis could occur. ---------------- Will S&P 500 hit 6000 by year-end as institutions predict? Would you take profit and stay cautious ahead or hold till the year-end?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • YueShan
    08-20
    YueShan
    Good⭐️⭐️⭐️
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