S&P 500 seems to be following our levels as it has been in bull run and as analysed settled around our mentioned level at 2102 with a 0.08% increase to index as it is trading at upper Bollinger band limit and hence closed flat.
Immediate resistance at 2117-2120.S&P 500 may show correction at current level if current levels are not breached positively.
Support is Intact at 2087.If this is breached negatively one see next support at 2077.Below this stock may test 2048 if trend is reversed from here.
RSI of 68 indicate that that trend may be prevalent and S&P 500 may test its above resistance level if trend is sustained.
If not then expect S&P 500 may correct itself.
MACD of 1.28 indicate that S&P 500 is bullish for short term and may test above level if current economic and global cues keep improving.
More will update soon!!
