The market recovery from last week's lows could be an indication that a market bottom is in place, according to Fundstrat Global Advisors. "While some might see this as 'jumping the gun,' I do feel like there's a good likelihood that Equity market lows could be in place after the constructive bounce in recent days," wrote Mark Newton, the firm's head of technical strategy.
SPX bar 2023-10-02 S & P tested a key level last week Newton's comments come after the S & P 500 tested the 4,200 level last week, a key threshold watched by technical strategists due to its proximity to the index's 200-day moving average and a Fibonacci retracement level. The index hit a low of 4,216 on Oct. 3. It traded around 4,366 on Tuesday.
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر: