S&P 500: Bulls Must Defend Channel Resistance to Unlock Next Leg Higher

From Investing.com: 2025-01-17 03:19:00

US stocks faced pressure on Thursday as tech leaders underperformed, causing cautious market sentiment. Retail sales data added to investor caution during a volatile week. Futures hinted at a rebound as traders eyed key levels in the Nasdaq 100 and S&P 500. Meanwhile, with Trump’s Inauguration approaching and earnings season kicking off with strong results, markets are closely watching for potential upward moves. The S&P 500 and Nasdaq 100 are navigating price channels, with bulls defending upper boundaries. In Europe, the DAX continues to surge, eyeing record highs and potential opportunities for investors.



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