The S&P 500 has bounced off a key support level at 5721. Is this in anticipation of lower inflation? That remains to be confirmed. For a potential buy, a close above 5809 would be needed, along with an increase in buying volume. For now, selling volume remains dominant.
The latest closes remain below the previous low at 91279. As long as this is the case, further declines are still possible. For a buy signal, a close above this level would be required. And ideally, a close above the trendline would be best.
The CAC 40 is rejecting its all-time high at 8,273. If this is confirmed, a correction can be expected, with the first target being the gap closure (blue rectangle) and 8,014.