A very strong move in the S&P 500 index!



The S&P 500 recorded the fastest rebound in nearly 45 years.

In just 11 days:
- The Relative Strength Index (RSI) rose from below 30 to 70.
- The index increased by +9.9%.
- Added more than $6 trillion to market capitalization since the March 30 low.

This is the second fastest transition from "oversold" to "overbought" since August 1982, when it happened in just 6 days.
The index also hit a new record level above 7,100 points.

This rise was driven by expectations of de-escalation in geopolitical tensions, before tensions resumed with Iran re-closing the Strait of Hormuz, making Monday’s market open a critical point to determine the next trend...
$US50050
US500500.08%
View Original
post-image
post-image
[The user has shared his/her trading data. Go to the App to view more.]
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin