S&P 500, Nasdaq 100 Attempt Bounce Off of Resistances: Key Levels to Watch

Investors brace for uncertainty in the markets as geopolitical tensions loom and earnings season kicks off.

In 2024, invest like the big funds from the comfort of your home with our AI-powered ProPicks stock selection tool.Over the weekend, Tel Aviv reported that their missile defense system successfully neutralized 99% of Iran's aerial assault, but unfortunately, a 7-year-old girl was injured by shrapnel.

These reports, along with forecasts for future quarters, will determine whether major US stock market players can sustain their growth, a key factor in the ongoing bull market.The S&P 500 is experiencing a noticeable rebound. Given the current movement structure and subdued dynamics, it appears to be more of a correction than a definite trend reversal.

Deep declines might occur if there's a real escalation of conflict in the Middle East and if companies report poor quarterly results.The Nasdaq 100 appears to be in a diamond formation, unlike the S&P 500, which has experienced clear corrections.

Source: News Formal (newsformal.com)

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