The S&P 500 didn’t make too much progress on filling the February breakdown gap last week. Instead, it did couple shake and bake to clear the table in preparation for the next move.
In this s&p 500 analysis, we will take a closer look at those shake and bake shenanigans, review the market sentiments and the market internals to see what they are telling us, and we will look at the S&P 500 price actions and see what are the potential upside and downside scenarios. We will also look at the individual major market indexes, the NASDAQ 100, Dow Jones Industrial, Dow Jones Transportation and the Russell 2000 to see if there are troubles ahead. Finally, we will wrap it up by looking at what the FAANG stocks did after they've reported earnings.
