{"id":63454,"date":"2022-04-07T17:43:42","date_gmt":"2022-04-07T13:43:42","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=63454"},"modified":"2022-04-07T17:43:43","modified_gmt":"2022-04-07T13:43:43","slug":"us-shares-under-pressure-as-risks-turned-back-lower","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/us-shares-under-pressure-as-risks-turned-back-lower\/04\/07\/market-updates\/","title":{"rendered":"US Shares Under Pressure As Risks Turned Back Lower"},"content":{"rendered":"\n<p>The S&amp;P 500 Index has come under pressure over the past couple of sessions, however key support at 4455\/50 is still holding for now. Only a break below the current level would turn the short-term risks back lower in the range, according to analysts at Credit Suisse.<br><br>S&amp;P 500 is holding around its key 63 and 200-day moving averages at 4490\/50 and short-term MACD momentum stays outright positive, even if is starting to roll over. We, therefore, stay directly biased higher while above 4455\/50 and look for a test of the 78.6% retracement of the 2022 fall and price resistance at 4663\/68. <br><br>Above 4663\/68 would open the door to a move to 4707\/12 next, then what we look to be tougher resistance, starting at 4744\/49. We expect a cap around this zone, in line with our broader medium-term view that the market is set to stay trapped in a broader mean-reverting phase.<br><br>Key support is seen at the 63-day average, price lows and 38.2% retracement of the recovery from the March low, which all coincide at 4455\/50. Only a break below here would turn the short-term risks back lower within the range, with next supports then seen at 4376, then 4252.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The S&amp;P 500 Index has come under pressure over the past couple of sessions, however key support at 4455\/50 is still holding for now. Only a break below the current level would turn the short-term risks back lower in the range, according to analysts at Credit Suisse.S&amp;P 500 is holding around its key 63 and &hellip;<\/p>\n","protected":false},"author":13,"featured_media":31849,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[39,36],"tags":[8439,6862],"class_list":["post-63454","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-global-stock-markets","category-market-updates","tag-us-equities","tag-wall-street"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/63454","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=63454"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/63454\/revisions"}],"predecessor-version":[{"id":63458,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/63454\/revisions\/63458"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/31849"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=63454"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=63454"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=63454"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}