S&P 500 Index: Shifting to a bearish stance following the rejection of 4101 – Credit Suisse SP500 Banks
Key short-term support is at 3956/49
“We reverse into a tactically bearish stance, with first key support at 3956/49. Back below here would be the first step to reasserting the still intact, at least at this stage, bear market. Next supports thereafter are seen at 3926/25 and then 3886/77.” If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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