HomeMarketsTechnical AnalysisEquities Soften After 3-Day Rally, 'This is a Trader's Market'

Equities Soften After 3-Day Rally, 'This is a Trader's Market'

Kevin Green says the current market environment is made for the traders. He adds that it wouldn't be surprising to see a stall or slight pullback after the 6% move higher over the past 3 trading sessions. In terms of levels for the S&P 500 (SPX), he sees upside resistance of $5600 but cautions about walls that could be partially due to increased hedging positioning from Thursday's final 30 minutes of trading. Kevin does acknowledge that liquidity is improving, but reiterates the need to "keep your head on a swivel" for any market swings. Then, KG examines the post-earnings reaction to Google's parent company Alphabet (GOOGL).

Morning Movers

25 Apr 2025

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