The S&P 500 spotlight remains on its record high and two-month channel top at 3984/91 and analysts at Credit Suisse suspect this again caps for now for a fresh pullback into the range. Big picture, they maintain a core bullish outlook for 4070/75. Key quotes “Whilst our broader outlook stays bullish for an eventual move to 4070/75, we suspect key resistance from the range highs and two-month channel top at 3984/91 again caps for now for a fresh pullback into the range.” “Support remains at 3944/43 initially, then more importantly at the price gap from Friday morning at 3918/10. We look for this to now ideally hold to keep the immediate risk higher in the range. Below though would instead open the door to a retest of last week’s low and the 63-day average at 3854.” “Above 3991 in due course though should see the two-month range resolved to the topside with resistance then seen next at the psychological 4000 level ahead of Fibonacci resistance at 4008, which we would look to cap at first. Big picture though, we maintain our 4070/75 objective.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Gold Price Analysis: XAU/USD plummets to three-week lows amid stronger USD, surging bond yields FX Street 1 year The S&P 500 spotlight remains on its record high and two-month channel top at 3984/91 and analysts at Credit Suisse suspect this again caps for now for a fresh pullback into the range. Big picture, they maintain a core bullish outlook for 4070/75. Key quotes "Whilst our broader outlook stays bullish for an eventual move to 4070/75, we suspect key resistance from the range highs and two-month channel top at 3984/91 again caps for now for a fresh pullback into the range." "Support remains at 3944/43 initially, then more importantly at the price gap from Friday morning at 3918/10. We… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.