Sunday, March 30, 2025 4:19 PM EDT
S&P 500 withstood hotter core PCE with consumer income and spending data, yet fell through the key 5,715 level – taking XLF generals along. Market breadth isn‘t looking encouraging, and next support is exactly where? After a bearish call following acceptance of prices <5,715 (made 30min after the break), the bears were in control clearly. No intraday rebounds at all, and one crucial bond market development on top.
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Disclaimer: All essays, research and information represent analyses and opinions of Monica Kingsley that are based on available and latest data. Despite careful research and best efforts, it may prove wrong and be subject to change with or without notice. Monica Kingsley does not guarantee the accuracy or thoroughness of the data or information reported. Her content serves educational purposes and should not be relied upon as advice or construed as providing recommendations of any kind. Futures, stocks and options are financial instruments not suitable for every investor. Please be advised that you invest at your own risk. Monica Kingsley is not a Registered Securities Advisor. By reading her writings, you agree that she will not be held responsible or liable for any decisions you make. Investing, trading and speculating in financial markets may involve high risk of loss. Monica Kingsley may have a short or long position in any securities, including those mentioned in her writings, and may make additional purchases and/or sales of those securities without notice.
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