S\u0026P 500 Forecast: Index Pulls Back Again

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S\u0026P 500 Forecast: Index Pulls Back Again
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S&P 500 Index Pulls Back Again Forex Stock Trading

The market will continue to be very noisy, to say the least, because we have so many different things pushing the markets around based upon fear and greed. The geopolitical issues continue to take front and center of the stage, and I think we will see a lot of attention paid to Ukraine, and tensions between the West and Russia.

The 4250 level being broken would open up a bit of a “trapdoor” for the market and it would send this market much lower. At that point, I would anticipate a move initially to the 4200 level, and then eventually the 4100 level. On the upside, we would have to close above the Thursday shooting star in order to have a reasonable expectation of any type of bigger move. The earnings season has proven to be a whole host of warnings from companies about the slowing economic situation ahead.

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