S&P 500: It looks like the 4,337 support level holds!


There was no follow through on Friday, after the selloff a day earlier, following Fed Chair Powell's remarks on inflation in Washington D.C. Technically, the 4,337 support level holds and the rebound may continue to the next resistance levels at around 4,460 and 4,480. Last week, Evercore ISI told their clients in the note that the S&P 500 may overshoot their year-end target as stocks are setting up for a rally into the end of the year, per CNBC.

This note contained herein is not and should not be construed as a recommendation to buy or sell. Click here to view the latest update!

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