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The S&P 500 faced resistance near the 4200 level on Thursday, hindering its attempts to rally further.
Over the last couple of days, I have been talking about the 13,750 level as a potential target for the NASDAQ 100, and we have in fact touched that area.
The S&P 500 has demonstrated a period of quiet consolidation in recent sessions, with Wednesday's trading session following a similar pattern observed over the past week.
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The NASDAQ 100 rallied a bit during the session again on Wednesday, but it is probably worth noting that it looks like we are starting to show signs of hesitation.
The S&P 500 has maintained a relatively quiet trading range over the past 10 days. However, the market is experiencing a sense of hesitation as investors await a resolution on the United States Congress' debt ceiling issue.
The current trading session witnessed initial signs of a rally in the S&P 500, reflecting the prevalent global volatility.
The S&P 500 encountered initial attempts to rally during Friday's trading session, mirroring the prevailing global volatility.
The S&P 500 exhibited back-and-forth movement during Thursday's trading session, reflecting a general trend of sideways action.
The S&P 500 rallied during Wednesday's trading session, as the market attempted to breach the major resistance barrier at the 4200 level.
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The S&P 500 has witnessed quiet trading following several economic announcements, and the market is expected to continue viewing the 4200 level as a significant resistance barrier while regarding the 4000 level as a crucial support level.
On Monday, the S&P 500 saw quiet trading after digesting a significant number of economic announcements.
The world’s leading equity index, the S&P 500, has shown surprising robustness in the face of a hostile environment: geopolitical uncertainty, supply chain realignments, protectionism with China, and the ultimate market killer, high inflation followed by high-interest rates.
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The S&P 500 showed resilience despite the stronger-than-anticipated employment figures in America.
The S&P 500 fell again during Thursday's trading session as central banks around the world continue to tighten monetary policy.
The S&P 500 had a slightly positive opening on Wednesday, but the market is currently waiting for the central bank announcements.