Is correction of the S&P Index possible?

10.03.2017 / 20:19

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The graph shows that the price has reached the upper band of the price channel and now price did start to go down. It is possible to have a correction down to the middle of the channel or to the bottom band of the bullish price channel. The price of Oil is trading down, which has additional negative pressure on the indices and next week the expectation for a rate hike might be the catalyst for correction.

Source: Bloomberg

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Is correction of the S&P Index possible?

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