What is S&P 500 INDEX?
The Standard and Poor's 500, or simply the S&P 500, is a free-float, weighted measurement stock market index of the 500 large companies listed on stock exchanges in the United States. It is one of the most commonly followed equity indices.
Basically, Red line is a future Resistance area for S&P 500 and Green lines could be two main area to support our actions based on Fibonacci projection and I do like Moving average 50 which is reliable to rely on in Daily time frame.
Share ur ideas with me and write down ur comments if u like...
The Standard and Poor's 500, or simply the S&P 500, is a free-float, weighted measurement stock market index of the 500 large companies listed on stock exchanges in the United States. It is one of the most commonly followed equity indices.
Basically, Red line is a future Resistance area for S&P 500 and Green lines could be two main area to support our actions based on Fibonacci projection and I do like Moving average 50 which is reliable to rely on in Daily time frame.
Share ur ideas with me and write down ur comments if u like...