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S&P 500 E-mini Futures
Feb 18, 2023
Equities WEAK seasonally
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S&P500 continues trading in a range, retesting the key resistance at 4180 region multiple times while not falling below 4050 region.
Only with a break of the 4050 region will there be a stronger probability of more downside movement.
Moreover, risk on assets are weak seasonally between February and March period.
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SPX (S&P 500 Index)
SPDR S&P 500 ETF (SPY)
Trend Analysis
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S&P500 fails to break above KEY RESISTANCE
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