The S&P 500 rose 2.1% last week. The first quarterly reports came out with good results from the leading banks, however, the market reacted with a classic “Sell the news“, a bad sign for some leading companies’ reports that will be published this week: IBM, AXP, PG and JNJ. On the other hand, the trade war calmed down and the Syrian attack is no longer a threat. The market is ready for the return of the “pullback buyers” who may paint the screens in green this week. Let’s take a technical view of the market.
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