ACTIV8X

S&P500: An end of the rally or going back to the race?

SP:SPX   S&P 500
The S&P500             has been flattering, it has been two days, after a swift rally that propelled it to around 2079.84. The benchmark found support, today, around 2058.87, which limited the losses, leading the benchmark to close in a small long legged doji .

The breakout of 2058.84, with a bearish gap at the opening, will send the benchmark south to 2048.39.

The breakout of 2070.37 will trigger a bullish market and send the benchmark to 2079.84, with 2074.6 as a primary objective.

The daily Pivot Point is around 2065.03. The daily support levels are around 2059.69 and 2053.5. The daily resistance levels are around 2071.22 and 2076.56.
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