S&P 500 Forecast: Mixed US Data and Renko Support Keep Bulls in Control

The S&P 500 remains bullish but still needs confirmation, as stronger building permits, housing starts, and a steady Composite PMI show the economy is holding up better than feared. However, the sharp drop in the Philly Fed Index warns that manufacturing momentum is weakening. With Renko bricks above the 50-SMA and 500-SMA, bulls still have control, but a positive Supertrend flip and stronger medium-term breadth would strengthen the case for a push toward 7,450 and potentially 8,150.

For the full article:
https://www.fxempire.com/forecasts/article/sp-500-forecast-mixed-us-data-and-renko-support-keep-bulls-in-control-1599424/

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Видео S&P 500 Forecast: Mixed US Data and Renko Support Keep Bulls in Control канала FXEmpire