SP500 Index Forecast
The price continues to attempt a correction towards 5281 as long as it trades below 5320. However, overall stability above 5325 would indicate a continuation of the bullish trend towards 5360 and beyond.
The bearish scenario will be activated if the price breaks below 5281 and 5266.
Pivot Line: 5313
Resistance Levels: 5325, 5340, 5357
Support Levels: 5281, 5263, 5227
Today’s expected trading range is between the support 5264 and the resistance 5370.
Meanwhile, U.S. rate futures indicate a 3.6% probability of a 25 basis point rate cut at the June FOMC meeting and a 22.8% chance of a similar cut at the July policy meeting.
The price continues to attempt a correction towards 5281 as long as it trades below 5320. However, overall stability above 5325 would indicate a continuation of the bullish trend towards 5360 and beyond.
The bearish scenario will be activated if the price breaks below 5281 and 5266.
Pivot Line: 5313
Resistance Levels: 5325, 5340, 5357
Support Levels: 5281, 5263, 5227
Today’s expected trading range is between the support 5264 and the resistance 5370.
Meanwhile, U.S. rate futures indicate a 3.6% probability of a 25 basis point rate cut at the June FOMC meeting and a 22.8% chance of a similar cut at the July policy meeting.
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~6 analyses per day. With a clear entry point
more than 1000 pip per week —— Accuracy +88%
SM World and Economy News 24/7
Urgent News ⚡️:
t.me/SM_News_24h