S&P 500 Rally Pauses at Key Resistance: Fed Minutes, Key Data in Focus

finished about 50 bps today higher but had been up more than 1% at one point—stocks turnaround after 1 p.m. ET, following a weak

Yesterday's rally drew the index to around a 38.2% retracement of the decline since July 27. Additionally, the candle from today’s make a nice reversal candle. If the index gaps up tomorrow and takes out the highs at 4,386, we probably rally to 4,400 in the days ahead.) appears to have put in a reversal candle when it traded higher to $179.72, which took out the highs of September 19, 20, and October 9 and then managed to close under all of those highs.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

S&P 500: Is Rally to 4800 Already Underway?Stocks Analysis by Avi Gilburt covering: S&P 500, iShares Core S&P 500 ETF, SPDR® S&P 500, S&P 500 Futures. Read Avi Gilburt's latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »

S&P 500 Bounces From Oversold Levels Despite War in Middle East: What's Next?Stocks Analysis by Jani Ziedins covering: S&P 500, iShares Core S&P 500 ETF, SPDR® S&P 500, S&P 500 Futures. Read Jani Ziedins's latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »

The S&P 500: A Rally to 4800Stocks Analysis by Dr. Arnout ter Schure covering: S&P 500, iShares Core S&P 500 ETF, SPDR® S&P 500, S&P 500 Futures. Read Dr. Arnout ter Schure 's latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »