S&P 500 a sideways market?
The action in the S&P 500 on Wednesday left a bearish shadow on top. However, I think the overall structure with sellers above 4380 and buyers below 4360 in implied a sideways move. The market is potentially setting itself up waiting for additional information. I still think the bias is for move to the upside.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.