SPx
The Market dropped in all indices due to the high inflation in the U.S. and Interest Rates are still looking to rise for this year and 2024
Technically:
The direction of the S&P500 index has a strong support zone of about 4310 and 4273, So the next bearish area will start when the price can stabilize under the support zone to reach 4177 and 4059
But depending on the descending parallel channel we have a strong pullback at the support zone, in the lower of the channel which is about 4310 to get 4370 and 4442
Pivot Price 4310
Resistance prices: 4370 & 4391 & 4442
Support prices: 4278 & 4272 & 4208
The moving range will be between 4300 and 4370
The Market dropped in all indices due to the high inflation in the U.S. and Interest Rates are still looking to rise for this year and 2024
Technically:
The direction of the S&P500 index has a strong support zone of about 4310 and 4273, So the next bearish area will start when the price can stabilize under the support zone to reach 4177 and 4059
But depending on the descending parallel channel we have a strong pullback at the support zone, in the lower of the channel which is about 4310 to get 4370 and 4442
Pivot Price 4310
Resistance prices: 4370 & 4391 & 4442
Support prices: 4278 & 4272 & 4208
The moving range will be between 4300 and 4370
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t.me/Srosh_signals
~6 analyses per day. With a clear entry point
more than 1000 pip per week —— Accuracy +88%
SM World and Economy News 24/7
Urgent News ⚡️:
t.me/SM_News_24h
