S&P 500 Index: Sustained move below 3938 to trigger a fall to 3868/58 – Credit Suisse SP500 Banks
S&P 500 is starting to turn more decisively lower. Analysts at Credit Suisse now look for a closing break below 3938 to complete a short-term top.“We look for a sustained move below 3938 to confirm that a top is in place to clear the way for further weakness to 3868/58 initially, which is the 38.2% retracement of the October/December rally.
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