From Nasdaq: 2024-04-17 14:54:00

Investors on Wall Street are advised to look for buying opportunities within existing bull markets rather than aiming to “buy low and sell high” like amateur investors. The S&P 500 Index ETF (SPY) and major US indices are expected to bounce soon for various reasons, such as EPS anticipation and short covering before earnings season. Additionally, leaders in the market like Super Micro Computer (SMCI), Nvidia (NVDA), and Coinbase (COIN) are retreating to key support levels, indicating a potential bounce. Market sentiment has declined despite a slight pullback in equities, with the CNN Fear & Greed Indicator shifting from “Extreme Greed” to “Fear.” Key signs suggest a market bounce may be imminent, including the anticipation of earnings season, price support levels, and seasonality trends favoring bulls in April. Zacks Investment Research predicts significant profits from Bitcoin, citing past returns in presidential election years of +272.4%, +161.1%, and +302.8% in 2012, 2016, and 2020, respectively. Download the special report for more insights.

Read more at Nasdaq: 5 Signs a Market Bounce May Be Imminent