S&P 500 4008,0 -15,88.
The stock market didn’t follow through Friday’s swift rebound but managed to hold fairly well prices. In our opinion, there’s still upside potential up to 4200 on the S&P 500 and 13000 on the Nasdaq 100. Overall, the stock market is working off its deep oversold conditions.
| Very short term oscillator | Negative - |
| Short term oscillator | Negative - |
| RVI trend | Negative - |
| Trend short term (5 days) |
Down |
| Trend mid term (8 days) |
Down |
| Differential of trends |
Down |
| Risk profile | 33 (scale of 1 (low risk) to 100 (high risk)) |
Next update: Friday 20th May 2022