S&P 500 as analysed and predicted took support at our mentioned level of 2040 and since then among improving global and economic scenario and so it did by sustaining its momentum by opening at 2062 on a positive note and from there made high of 2084 before settling at the same with increase of 25 points i.e increase of 1.25% in the session.
S&P 500 looking strong and has immediate resistance at 2090.If this is breached positively one see next resistance building around 2103—2110
Support is intact at 2060 and below 2060 there can be panic. Next support at 2040 and below this S&P 500 is weak.
RSI of 57 and increasing suggest that trend is positive and buyers are entering aggressively among improving global and economic scenario.
A positive MACD crossover also indicate that trend has significantly changed to bullish.
More will update soon!!
