Investors should brace themselves for continued market whiplash, as Thursday's trading session indicates that volatility remains a significant concern.
The S&P 500 (SPX) has stabilized within a bearish trend, targeting 4923 soon. The current volatility and technical indicators suggest bearish momentum.
Bullish Scenario: For a shift to a bullish trend, the price needs to stabilize above 5260, potentially reaching 5291 and 5327.
Bearish Scenario: As long as the price trades below 5214, the bearish trend is expected to continue toward 5130 and 5040.
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