Financial News
A brief pause in the advance
October 27, 2021 at 16:19 PM EDT
Mid-week market update: The S&P 500 had been on an upper Bollinger Band ride, but the ride may be over. In the past year, such events have resolved themselves in either a sideways consolidation or pullback. As well, the 14-day RSI has reached levels consistent with a pause in the advance.
Based on recent history, we should know about the magnitude of the pullback within a week. Initial support can be found at the breakout level of about 4540.
The full post can be found here.
Based on recent history, we should know about the magnitude of the pullback within a week. Initial support can be found at the breakout level of about 4540.
The full post can be found here.
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