S&P 500 might try to rebound to 1620 & stay above it
But technical indicators show that the market is getting weaker & will most likely fail at the end of the day
Stock market psychology:
Yesterday was proof that the market is weakening & it'll dampen the faith of investors
Tomorrow is Independence Day, investors might trade even less before the holiday
Not to mention the more important Non-Farm Payrolls on Friday, investors will wait until it's announced before placing more money in the market
Stock market forecast:
Stocks might try to rebound but will eventually go down at the end of the day
Look to sell S&P 500 after it's confirmed
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