S&P 500
S&P 500 seems to be in range bound mode and is moving as analyzed by our tea within our given support and Resistance level.S&P 500 has immediate Resistance at 2065 and if this is breached positively one see it testing its next resistance of 2080 easily above which 2100 can be tested if momentum continues.
Support is intact at 2041 and below this support is building around 2010-2000 level.
RSI of 59 suggest that buyers may enter into market and index may test its mentioned resistance level in short term.
MACD of –ve 4.26 suggest that for short term bull rally can be sustained but in short term we might see some correction at current levels and even at mentioned resistance level for short term.
More will update soon!!
