S&P 500 may reach new high with support bounce, but risks linger

From Investing.com: 2024-11-22 00:00:00

Indices showed signs of a potential move back to highs, with bulls needing to push harder to sustain gains. Concerns of a zig-zag lower trend persist, but a bounce-off support has begun. The S&P registered an accumulation day, with technicals slightly bullish despite a weak MACD trigger on the bear side. The Nasdaq remains near its 20-day MA after a gain, negating a potential bearish reversal. The Dow managed a small gain and a black candlestick close, hinting at possible bearish reaction. Bears may target the Semiconductor Index if the Russell 2000 fails to advance tomorrow.



Read more at Investing.com: S&P 500 Bounce of Support May Clear Way to New All-Time High – But Risks Remain