S&P 500 Continues to Look at the Consolidation with Caution
S&P 500 Forecast: Continues to Look at the Consolidation with CautionGet DailyForex analysis to your emailThe market is currently consolidating, but a break below the low from last week could lead to a move down to the psychologically important 4000 level. fell again during Thursday's trading session as central banks around the world continue to tighten monetary policy.The lack of interest from central bankers in loosening monetary policy is not what Wall Street wants to see.
If Wall Street can push the S&P 500 above 4200, it is possible that the market could move up to the 4300 level. However, smaller indices like the Russell 2000 shows that the S&P 500 is being distorted by just a handful of companies that are overweight in the calculation, such as Apple Inc.. They should be prepared to act quickly, if necessary, but also recognize that the market may continue to be volatile for some time.
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