Today we are sharing a quick snapshot of a basket of indices that appear to be trading near important resistance zones.
The S&P 500 Index appears to be reversing lower after attempting to breakout (very important to watch). And the Nasdaq 100 has stalled at resistance (also on watch).
As well, a few European stock market indices are trading into MOB target resistance zones and at risk for short-term pullbacks.
With the Federal Reserve meeting tomorrow. we will likely see a whipsaw market today/tomorrow. So we will wait to see how things settle after that announcement
In sum, it’s an important point for the broader financial markets.
S&P 500 Index and Nasdaq 100 ETF Charts
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