42 days ago • Posted by Paul de La Baume
S&P500 at key level, Goldman Sachs makes odd market call $SPY $QQQ #market #trading #stocks #forex
The S&P500 looks like it is at an inflection point, technically speaking. The level of around $4,182 has been an area of support and resistance in the last year or so. Traders are looking for reasons to have a strong move in either direction. In fact, Goldman Sachs US equity strategist David Kostin came with a call just recently that stocks should be going 'nowhere' for the rest of the year because a soft landing is already priced in.