Stocks Analysis by Declan Fallon covering: S&P 500, US Small Cap 2000, iShares Core S&P 500 ETF, SPDR® S&P 500. Read Declan Fallon's latest article on Investing.com
) as a bearish ending to the prior week was followed by a disappointing Monday. The measured move target marked on my chart offered a launch point for a rally, but this rally quickly got overwhelmed by a former support level, which turned resistance, around $178.
To add to the misery, volume climbed in confirmed distribution for both Friday and Monday, and relative performance against peer indices took a sharp turn lower. There is no love for market-leading Small Caps, and now have to look at 2022 lows around $160 as a possible support test.The Nasdaq is facing its own resistance challenge around 13,350. Given the reaction in the Russell 2000, the likelihood of a reversal is quite high.
Shell's stocks show a persistent upward trend. Equinor demonstrates stable growth prospects, although overcoming key resistance poses a challenge for potential buyers. Meanwhile,... The S&P 500 finished Monday’s session unchanged. This isn’t the price action most investors would have expected if they knew a last-second deal would avert the October 1st gov’t...
If you are finding yourself fluctuating between bullishness and bearishness, then congratulations! Hopefully, that also means you are waiting for certain signals to help you commit...We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: Include punctuation and upper and lower cases.
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