S&P 500 Index Rebounds to 7466 Points
- Technical Analysis: The S&P 500 index rebounded to 7466 points after a sharp pullback, indicating a return of buyers around the 7360 support level, suggesting that market sentiment remains optimistic and may lay the groundwork for future gains.
- Resistance Level Challenge: The immediate resistance level is at 7520 points, which previously served as a significant consolidation zone; a successful breakout here could signal the end of the correction and further propel the index towards the historical high of 7640 points.
- Earnings Growth Driver: Goldman Sachs raised its year-end target for the S&P 500 from 7600 to 8000, expecting earnings per share to reach 340 dollars by 2026, representing a 24% annual growth rate, indicating strong fundamental support.
- Risk Factors to Watch: Despite the optimistic market outlook, the May jobs report showed an addition of 172,000 jobs with the unemployment rate steady at 4.3%, which may prompt the Federal Reserve to maintain high interest rates, increasing market volatility risks that need close monitoring.
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Technical Analysis for TST
Technical Sentiment Analysis for Test (TST). As of , Test (TST) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 10 technical signals, shows that 2 indicators are flashing buy, while 8 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for TST stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, TST is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Test (TST) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00599 | 0.00921 | 0.0123 | 0.0155 | 0.0185 | 0.0217 | 0.0248 |
| Fibonacci | 0.00921 | 0.0116 | 0.0131 | 0.0155 | 0.0179 | 0.0193 | 0.0217 |
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