Quarterly Outlook
Equity outlook: The high cost of global fragmentation for US portfolios
Charu Chanana
Chief Investment Strategist
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Trade in focus: S&P 500
Equities 1 minute to read
Michael McKenna
Head of Editorial Content, Saxo Bank
Summary: Saxo's Trade Signals tool has identified a potential downside breakout in the S&P 500.
Saxo's Trade Signals tool has identified a potential downside break out of a rising channel formation in the US500.I, or S&P 500 index CFD. The tool gives a probability of 70% to this analysis, with this measurement evaluated against past performance over six months with respect to this pattern type.
The CFD traded at 2,830.56 as of publication, with Trade Signals identifying this move as having the potential to extend towards 2,818.57 in the coming nine hours.
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