The S&P500 index maintains long-term positive dynamics, trading above the key support level of 2865.0 (ЕМА200 and the lower border of the ascending channel on the daily chart, as well as the Fibonacci level 23.6% of the correction to the growth since December 2018 and the level of 2335.0).
It is likely that after the breakdown of the local resistance level of 3028.0 (absolute maximums), the S&P500 will continue to grow until the index “finds” new resistance levels.
In an alternative scenario, and after the breakdown of support level 2965.0 (ЕМА200 on the 1-hour chart), S&P500 will again go to support level 2940.0 (ЕМА200 on the 4-hour chart and the middle of the upward channel on the daily chart). Above support level 2940.0, should be abstained from S&P500 sales.
Support Levels: 2990.0, 2972.0, 2965.0, 2940.0, 2900.0, 2865.0, 2765.0
Resistance Levels: 3028.0
Sell Stop 2990.0. Stop-Loss 3022.0. Goals 2972.0, 2965.0, 2940.0, 2900.0, 2865.0
Buy Stop 3022.0. Stop-Loss 2990.0. Goals 3028.0, 3100.0, 3200.0
Latest Forex News, Analysis & Market Moving Events:
Important Categories Of News Section:
Forex Indicators & EAs:
Free Forex eBooks:
Forex Brokers Reviews:
More Forex Indicators & EAs:
Forex Trading Strategies:
Cryptocurrency Live Charts: