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Weak Breadth and Mega-Cap Tech Declines Signal S&P 500 Index Rally Needs Repair

The S&P 500 remains in a bullish medium-term trend, but weak breadth and fading mega-cap tech momentum suggest the rally needs repair. With only 45% of stocks above their 20-day moving average and Renko momentum indicators turning negative, traders may need to see stronger participation before the Index can reclaim 7,450 and target 8,150.

For the full article:
https://www.fxempire.com/forecasts/article/weak-breadth-and-mega-cap-tech-declines-signal-sp-500-index-rally-needs-repair-1598895/

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Видео Weak Breadth and Mega-Cap Tech Declines Signal S&P 500 Index Rally Needs Repair канала FXEmpire
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