S&P 500 Forecast: Attempting Major Breakout
August 16, 2022 at 06:35 AM EDT
It now looks as if the S&P 500 is going to break above the 4300 level, and that opens up the possibility of a bit of a “melt-up”. There’s nothing truly keeping the market back other than the 200-day EMA, an indicator that is only somewhat reliable.