S&P 500 Index: Break above 3810/40 to open up September high of 4120 – SocGen SP500 Banks
S&P 500 has staged a sharp rebound. The index could extend its move higher on a break above the 3810/40 area, economists at Société Générale report.“Holding above the 3585 mark, a short-term bounce can’t be ruled out.”
“It would be interesting to see if the index can form a base and reclaim the recent high near 3810/3840. If this break materializes, an extended up-move could take shape towards 4000 and September high of 4120.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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