SP:SPX   S&P 500 Index
268 6 4
S&P             Daily timeframe price action created a rising wedge . The price retested previous high and reversed from 1426.68 only to find support at 20 period SMA . Current support on downside could potentially be found at 1380 which is the falling trend line followed by 1365-1370 ( 38.2% Fib Retracement and 50 SMA levels ) and subsequently at 1346 which is 50% Fib Retracement from the current highs. Alternatively if the price action spikes higher breaking above the current high of 1426 and creates a Daily close above that level the next resistance could be located at 1440-1447 level. Indicators like MACD and Stoch are creating bearish crossovers at overbought levels. Also Volume is falling indicating possible Negative Divergence
Agreed.
Reply
Followed.
Reply
Agreed.
Reply
Followed.
Reply
Agreed.
Reply
Agreed.
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
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