S&P 500: UPDATE 1: The index retests the July 2023 high ~ 4,600

 


The index has now been up for six consecutive weeks and is continuing to retest 4,600. There's not much change in the direction of the market since 12/03/23.

Here's the post from last week (12/03/23): "The index is now retesting the July 2023 high / 4,600. The S&P 500 was up for the fifth straight week and could grind sideways along the trendlines until the FOMC meeting on Dec. 12 and 13. If everything goes well at the FOMC meeting, we expect the index to break above 4,600/4,640 before the year-end."

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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