S&P 500 Price Outlook: Bull-Market Correction or More? CPI on Tap
2021-05-11 17:30:00
Michael Boutros,
Strategist
S&P 500 Index Technical Price Outlook: SPX500 Near-term Trade Levels
SPX500 threatens reversal off uptrend resistance- risk for deeper correction sub-4219
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The S&P 500 Index has been trading within the confines of a massive multi-month expansionary range with price turning from the upper bounds on building momentum divergence yesterday. Is this just a pullback or the start of something larger? The battle lines are drawn heading into key US inflation data tomorrow. These are the updated targets and invalidation levels that matter on the SPX500 price charts. Review my latest Weekly Strategy Webinar for an in-depth breakdown of this SPX500 technical setup and more.