4mm4
Short

S&P Looks to Correct

CME:SP1!   S&P 500 Futures
258 0 0
Stochastics, Fibonacci levels, trends, and support and resistance point to a small, short term correction that could put the S&P             back below 1400. We might see a few more up days as a few more investors try to chase what's left of this extended up trend, but soon thereafter look for a change in the direction of the market. We have yet to see a real pull-back since the June lows and are therefore due for one. Look for support at around 1418 (late march highs) and then again at 1400 - 1390 (both a psychological support level and a fib support level ). We should see some resistance soon as we are approaching the upper trend line and the 1.618 fib level. Also, there is not much behind this market that is substantiating this long run up. Look for the market to run out of steam.
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out