Forex
globalreutersApril 16, 20241 Mins read
S&P 500 Forecast: As index breaks below price channel for first time in six months, expect more pain to come
globalreutersApril 16, 20241 Mins read The S&P 500 appears to have sprung a leak this week. In the prior week, the index was seen pulling back in light of reduced expectations for a Federal Reserve (Fed) interest rate cut, but Monday of this week saw a clear break and close below the bottom trendline of the price channel that has been in place since October 2023.
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