TipTVFinance

S&P500 – Approaching critical resistance zone

TVC:SPX   The Standard&Poor's Index
S&P 500 index             is fast approaching critical resistance zone of 2110-2120 levels.

  • Struggle near 2100 despite sharp rebound from the low of 1191.7 indicates the index is going to have a hard time taking out critical resistance zone of 2110-2120 levels.
  • A day end closing above 2120 may not matter much as we channel resistance lined up around 2128 levels. Only a day end closing above the same would suggest continuation of the rally from February lows.
  • On the other hand, failure to take out the minor falling trend line could be a sign of exhaustion. This is followed by a break below 50-DMA would suggest the recovery from post Brexit low has ended and the downside 1867 stands exposed.
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
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 Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out