S&P 500 Levels to Watch Heading Into Expiration Week
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“There appears to be sideways action in the SPX 5,235 and 5,250 area, with the former level representing 10% above last year’s close…...
Amid a shortened trading week with the market being closed on Good Friday, the S&P 500 Index (SPX—5,254.35) eked out another weekly gain...
“…there has not been a short-term technical breakdown in the SPX, which is still above the 5,000-millenium level as well as its 30-day...
Last week brought a long list of economic reports, from data on inflation (core personal consumption expenditures (PCE) prices) to personal income and spending,...
<p>“…<em>short interest hit a multi-year high in December, with evidence of covering activity in recent weeks that I anticipated would be supportive of the market. I would imagine short covering is still supporting the market, as the SPX easily sliced through a level of potential resistance at 4,940 last week....