S&P 500: Fed's Move Look Supportive For Equity Bears
Satendra Singh | Sep 17, 2020 04:52AM ET
On analysis of the movements of the S&P 500 Futures, I find that the S&P 500 Futures could test the lows of 3248 on September 17th as the Fed's Move could extend the current exhaustion.
S&P 500 Futures have found immediate resistance at 3337 that could cap the bullish moves for a long time. There is no doubt that the currently prevailing economic weakness due to global lockdowns during the past few months will continue to extend bearish sentiments till COVID-19 is managed dramatically better.
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