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Index Continues to Look Heavy


The S&P 500 has undergone a slight dip, and traders are paying close attention to the 4100 and 4200 levels.

The S&P 500 Index experienced a slight dip during the trading session on Wednesday, exhibiting a lot of fluctuation in the market. It is expected that the 4100 level underneath will offer some level of support for the market, and a breakdown below this level could potentially lead to a drop down to the 4000 level.


Stock markets are crashing again

Although the overall sentiment of the market remains optimistic, the market had already surged considerably, hence, it is sensible to witness some pullback. 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 “golden cross” indicating a bullish sign, but there are instances where this indication comes a little too late.

On the positive side, the 4200 level is expected to offer significant resistance, as it has done in the past, and there should be a certain degree of “market memory” in this area. The market will continue to find this area difficult, and the current behavior indicates an acknowledgment of its importance. Nevertheless, the market is bound to have an extreme level of volatility, as there are numerous moving pieces to consider.

The recent economic indicators out of the United States have been negative, and the question arises as to whether or not Wall Street begins to perceive the poor economic news as genuinely bad. This is because traders have been trained that weak economic news translates into more liquidity flowing out of the Federal Reserve. The market narrative is continuously changing, and traders need to keep up-to-date with the latest information.

The upcoming Friday is Good Friday, and it coincides with the release of the Non-Farm Payroll figures. The market will remain closed on this day, so some traders may not be willing to make any investment decisions.

  • The S&P 500 has undergone a slight dip, and traders are paying close attention to the 4100 and 4200 levels.
  • As the market continues to exhibit volatility, it is crucial for traders to stay informed about the latest developments, which can have a significant impact on the market.
  • While it is expected that the market will remain optimistic, it is important to exercise caution, as the market may encounter unexpected changes in the future.
  • As always, traders need to monitor the market closely to make informed investment decisions.

S&P 500 chart

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