More uncertainty for stocks: Is there further upside?

Stocks didn’t move much on Friday, with the S&P 500 closing 0.19% lower after reaching a new all-time high of 5,733.57 on Thursday. So, was Friday’s session just a pause before another leg higher, or is it signaling a potential topping pattern ahead of a downward correction? Today, the market is likely to open 0.1% higher, as indicated by futures contracts, and the index is expected to continue its short-term fluctuations.

Historically, a dropping VIX indicates less fear in the market, and rising VIX accompanies stock market downturns. However, the lower the VIX, the higher the probability of the market’s downward reversal. Conversely, the higher the VIX, the higher the probability of the market’s upward reversal. Futures contract: Topping pattern or just pause? Let’s take a look at the hourly chart of the S&P 500 futures contract. This morning, it’s trading sideways again, fluctuating after Thursday’s rally.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

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

Stock Market Today: S&P 500 closes lower as chip stocks lead tech wobbleStock Market Today: S&P 500 closes lower as chip stocks lead tech wobble
Source: Investingcom - 🏆 450. / 53 Read more »

Dow Jones, Nasdaq, S&P 500 weekly preview: New economic data could boost stocksDow Jones, Nasdaq, S&P 500 weekly preview: New economic data could boost stocks
Source: Investingcom - 🏆 450. / 53 Read more »

Asian stocks down after Big Tech pulls S&P 500 and Nasdaq lowerAsian stocks are down after a mixed finish on Wall Street, with the Dow Jones Industrial Average climbing to an all-time high while Big Tech companies pulled the S&P 500 and the Nasdaq composite lower.
Source: ksatnews - 🏆 442. / 53 Read more »

Asian stocks down after Big Tech pulls S&P 500 and Nasdaq lowerAsian stocks are down after a mixed finish on Wall Street, with the Dow Jones Industrial Average climbing to an all-time high while Big Tech companies pulled the S&P 500 and the Nasdaq composite lower. U.S. futures fell. Oil prices eased from their recent highs, which had been driven by heavy fire between Israel and Hezbollah on Sunday.
Source: AP - 🏆 728. / 51 Read more »

Be careful chasing stocks while the S&P 500 is above 5,500: BCABe careful chasing stocks while the S&P 500 is above 5,500: BCA
Source: Investingcom - 🏆 450. / 53 Read more »