Index Analysis, Implications and Outlook
The S&P500 completed its inner Index Rally and it is posed to test the Mean Support 2889, while Key Support is resting below. On the upside retest of the Key Resistance is very likely.
The S&P500 completed its inner Index Rally and it is posed to test the Mean Support 2889, while Key Support is resting below. On the upside retest of the Key Resistance is very likely.
The large-cap DJI struck yet one more all-time high on Tuesday to further improve a solid opening for the fourth quarter. Nevertheless, it wasn't all optimism as many small-cap indices suffer, even though the broader S&P500 hovers close to an unchanged territory. The seriously lagging small-cap market segment is yet again looking scary for stock bulls, as the Russell 2000 index is lagging in performance the much broader equity market.