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S&P 500: Pre-Election Bull Trap, Week Starting 7th October (Technical Analysis)

Financial writer analyzes S&P 500 trends, warns of potential bull trap if major support isn't sustained above 5767.

By: Seeking Alpha

Oct 08 2024
54
3822 Views

S&P 500: Pre-Election Bull Trap, Week Starting 7th October (Technical Analysis) — S&P 500: Pre-Election Bull Tra

The action in the S&P500 ( SPY ) this week was nervous and inconclusive. It took a spectacular NFP beat to lift it off the lows of the week and back to Tuesday's monthly open. Some of the sessions seemed to meander Andrew McElroy is Chief Analyst at ... [1366 chars]

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