US Open: indices open flat at week's end 📉

3:07 PM 17 May 2024
  • Contracts are noted with a slight increase
  • Bond yields are rising
  • The dollar is also gaining

The last day of this week looks quite interesting. Indices from the USA are at historic highs, and bulls are fighting to permanently break through these levels. However, on the other hand, we are observing rising bond yields and the dollar, which adds additional supply pressure on the stock market.


At the time of publication, contracts on the SP500 index are noted without significant changes at around 5310 points. For investors relying on technical analysis, we can see the beginning of a double top formation on the chart. If the bulls fail to break through the ATH around 5330 points, and then we observe a return to the downward trend, we can talk about the completion of the formation. For the bulls, the most important thing is to maintain a sideways trend or break through the ATH.

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Source: xStation 5

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Source: xStation 5

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