S&P500 and Nasdaq Composite: Investors Eye Breakout on Lower Oil and Earnings Boost
FX Empire·2026-04-30 21:19
A trade through 7223.25 will negate the closing price reversal top and signal a resumption of the uptrend. On the flipside, a sustained move under the pivot at 7151.25 will signal renewed selling pressure. This could trigger a further break into the support cluster at 7079.25 to 7079.00. Watch for a technical bounce on the first test of this area.If 7079.25 is taken out with conviction, we could see an acceleration to the downside with the retracement zone at 6995.25 to 6941.25 the next major downside targe ...