S&P500: Buy on dips

FX:SPX500   S&P 500 Index
Major resistance- 2820

S&P500 recovered slightly after a forming a top around 2821 on positive Brexit news.The index was trading higher nearly 2-1/2 month and jumped more than 20% from low of 2334 on easing US--China trade tensions and increasing risk appetite. It hits low of 2720 Mar 08th 2019 and is currently trading around 2820.3.

The index’s near term support is around 2798 (23.6% fib) and any break below 2784 (20- day MA) and any violation below will drag the index till 2748 (200- day MA)/2720/2700. Any violation below 2680 confirms further weakness.

On the higher side, major resistance is around 2821 and any break above will take the index to next level 2840/2860/2930.

It is good to buy on dips around 2805-10 with SL around 2785 for the TP of 2930.
Trade active: S&P500 has broken major resistance 2820
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
HE עברית
Home Stock Screener Forex Screener Crypto Screener 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