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Investment Recommendations May 15th

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Investment Recommendations May 15th

Introduction

This article was posted on Monday, 16:43, UTC.

S&P 500: Short-Term Sell (Update)

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S&P 500 Futures, 4-Hour Chart Analysis

The S&P 500 has been pushed higher by the strength in the energy sector today, and the index got close to its previous highs near the 2400 level. Should the rally continue, our stop-loss recommendation might be in play in the coming days at 2412. The benchmark has been lagging the market leaders in the past two weeks, but a rally to new all-time highs could mean another swing higher before a significant correction.  Traders holding long positions should keep stop-losses near the 2370 level, below the short-term support and the rising short-term trendline.

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Mate Cser

Mate Cser

Trader and financial analyst, with 10 years of experience in the field. An expert in technical analysis and risk management, but also an avid practitioner of value investment and passive strategies, with a passion towards anything that is connected to the market.

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