Market Pulse on May 16th

Olivier Rigot, EMC Gestion de Fortune

1 minute de lecture

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

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