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<ul><li>The S&amp;P 500 is down 2.06%, reaching 5,346.55, amid recent jobs data and tech stock sell-off.</li><li>The Nasdaq 100 falls over 10% from its peak, meeting the correction threshold due to tech stocks&#39; decline.</li><li>Traders project substantial Fed rate cuts in 2024 amid a continued rally in Treasuries.</li></ul>Benjamin Cowen, founder ITC Crypto, recently highlighted the S&amp;P 500&#39;s return to its bull market support band on X platform. The S&amp;P 500 index has shown notable fluctuations over the past three years. It covers weekly data from early 2022 to late 2024, revealing critical trends and patterns.The S&amp;P 500 is at <a href="https://www.marketwatch.com/investing/index/spx" rel="noopener noreferrer nofollow">$5,346.55</a> at press time, reflecting a 2.06% drop. The index had a downturn in early to mid-2022, hitting its lowest around October 2022. However, from late 2022 onwards, the index displayed a robust upward trend, peaking in mid-2024. Recent performance indicates a sharp rise followed by a pullback.Besides, in Cowen’s analysis, technical indicators show two moving averages, likely the 50-day and the 200-day, in a bullish configuration since late 2022. These averages have acted as support during the uptrend, with corrections often finding support at these levels. Despite periods of volatility, the overall trend since late 2022 has been relatively smooth and upward.<a href="https://cryptotale.org/sp-500-faces-key-support-level-bullish-run-ahead/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

S&P 500 Faces Key Support Level: Bullish Run Ahead?

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