S&P 500 price in view: If it continues to rise, but there is massive resistance, there is a short opportunity with a tight stop.

S&P 500 price in view: If it continues to rise, but there is massive resistance, there is a short opportunity with a tight stop.

According to a report by www.finanzen.net,

The article reports on the current developments of the S&P 500, which is in the area of ​​4,550 points and is heading towards the upper Fibonacci fan in the weekly chart at 4,600 points. It is noted that the S&P 500 is overbought and CNN Business' Fear & Greed Index is showing overbought conditions. A short opportunity with a tight stop in the area around 4,600 points is therefore recommended, with a turbo warrant from Bank Vontobel being mentioned.

The overboughtness of the S&P 500 indicates a possible correction, which could be exploited by a short position with a turbo warrant from Bank Vontobel. With a base price of 4,600 points and a current level of 4,550 points, there is possible scope for action. The leverage and price targets mentioned provide investors with guidance for potential profits and losses.

Given the current market situation and the facts mentioned, the recommendation to consider a short position on the S&P 500 in the 4,550/4,580 area could have an impact on the market. Investors could position themselves accordingly and thus influence the price of the S&P 500.

However, it should be noted that investment decisions should be made individually and are always associated with risks. Therefore, it is advisable to carry out thorough analysis and advice before investing.