[EVENTS] How will SPX close on Friday 31 March?
Click to vote. Can you predict how will $S&P 500(.SPX)$ close on Friday 31 March? If you get the right answers, You may divide 1000 Tiger Coins with other Tigers. In addition, you have the chance of winning Tiger Gifts.Markets rallied in January due to a 15% chance that the central bank might pause and leave rates at a level of 4.5% to 4.75%. During mid-January, the average of 30 blue chips was up nearly 4% in 2023, particularly in heavily shorted stocks.
But the market suffered a dismal February thanks to more signs that inflation pressures aren't cooling off as quickly as investors, consumers — and most likely the Federal Reserve — would like. In February, the S&P 500 declined 2.6%.
Markets around the world have pinballed sharply this month on worries the banking system may be cracking under the pressure of the fastest set of hikes to interest rates in decades.
Earlier this month, the U.S. government said it would make all depositors at Silicon Valley Bank and Signature Bank whole. They were the second- and third-largest U.S. bank failures in history.
Can you predict how will $S&P 500(.SPX)$ close on Friday 31 March?
💰Activity Details
- Click to vote. Can you predict How will $S&P 500(.SPX)$ close on Friday 31 March? If you get the correct answer, you may divide 1000 Tiger Coins with other Tigers.
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⏰Event Time
- The event will last until 21:00 on Friday 31 March 2023
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@GoodLife99 @Aqa @rL @LMSunshine @Universe宇宙 @Fenger1188 @koolgal
the bank sectors and Fed rates still got cause the investors to fear. tag friends
@HelenJanet @SR050321 @rL @GoodLife99
I voted $S&P 500(.SPX)$ flat on 31 march 2023 closing. Look forward for pivot in the stock market, so i am bullish, but when ? come and join towin tiger coins 😅
@TigerEvents thanks for the event ❤️
Come vote frensss!
🌟🌟🌟The$S&P 500(.SPX)$
closed up 1.42% today to 4027. In the past 5 days it has been trending upwards at 1.73%.
I believe that SPX will close flat on Friday 31 March at 4040. It remains in a fairly positive position. The golden cross, a bullish breakout pattern when the 50 day Moving Average crosses above the 200 day Moving Average, is still intact.
The markets are expecting the Feds to cut interest rates even though the Feds said that inflation is still high. Investors are also more bullish that the Feds will support the banks to prevent further bank runs. Confidence and trust are important to maintain the integrity of the US financial system.
However with a long term horizon, I believe that SPX will continue its upward trend. So I will continue to dollar cost average into $SPDR Portfolio S&P 500 ETF(SPLG)$ .
@TigerEvents
I foresee that SPX will probably remain flat (-2% to +2%) on Fri Mar 31. Past few days rally could a reversal of the initial panic over bank crisis. As worries ease, it will remain flat but not enough for further rally given existing economic risks.
@koolgal @JC888 @Keeley @LMSunshine @pekss
Since banking crisis is almost over, I think SPX will close higher
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