TipTVFinance

S&P500 – Losses likely on rejection at trend line

SP:SPX   The S&P 500 Index
Despite rebound from Monday’s low of 2124.4 the subsequent failure at the rising trend line on Tuesday suggests short-term bearish view remains intact and a move today below 2138 (weekly pivot ) could yield a break below 2134 (5-DMA) and a revisit to strong support zone of 2120-2110.

On a slightly larger of scheme of things, a day end close below 2110 would open doors for a much deeper correction to 2000 levels.

On the higher side, only a daily close back above rising trend line would cheer up the bulls.
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
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