S&P 500
S&P 500 has been in habit of
following our mentioned and analysed technical levels and it has been doing it
as last session we saw a positive trading session as S&P 500 opened
positively at 2085 and then made high of 2093 among positive BREXIT news coming
from Europe and hence closed at 2088 with gain of 5.65 points or increase of
just 0.27 % to the index and this shows that S&P 500 has been moving in
sideways and building momentum to improve its short term trend.
S&P 500 has crucial immediate
resistance 2090--2103. If this level is positively sustained and breached then
one see next Resistance at 2125--2130.
S&P 500 Support is also
intact at 2066—2060 .If this is breached negatively and not sustained then one
see next support building around 2050--2045 level.
RSI of 52 and increasing also
indicate that short term trend is towards is improving as markets seems to have
factored in all the negative news and looking to build upside momentum.
MACD of positive 2.21 and increasing also indicate that short term trend is may
be improving.
More Will Update Soon!!
