What Are The Major Indices’ Support And Resistance Levels Telling Us? – Investing.com
- Date: 02-May-2021
- Source: Investing.com
- Sector:Financial Markets
- Country:Gulf
What Are The Major Indices’ Support And Resistance Levels Telling Us? – Investing.com
Last Thursday the 's SPDR® S&P 500 (NYSE:) and the 's Invesco QQQ Trust (NASDAQ:) tested new highs and then gapped lower on Friday showing that the market still had some overhead resistance.
Driving reasons could be related to fears of raising as the U.S. pushes to take on more debt, to caution from pending earnings as Monday starts another round of incoming reports.
Additionally, the 's iShares Russell 2000 ETF (NYSE:) pulled off and could be looking for another revisit of its 50-Day moving average at $223.28.
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