Can the S&P 500 Regain 4000?

8 Eyl 2022

After establishing new lows, stocks pivoted back to 3978, just one level below 4009, our target from yesterday. We are seeing red triangles on the KRI, indicating some resistance but if we can break through, 4009 is the next level to break before we can consider higher levels. If we reject this level, we could easily retrace the entire move, and head back to support at 3909 or 3887.