S&P 500
S&P 500 has been in habit of moving as per our analysed level
and so it did again as S&P 500 showed a highly bearish session on news of
BREXIT on expected note and bloodbath was the theme of the day as it opened
lower at 2103 and from there cracked to make a low of 2032 before finally
closing the weak session at 2037 and shredded 76 points or a decrease of 3.60%
on a single day and hence wiped out its gain since march on a single day on
news of BREXIT as it created global uncertainty.
S&P 500 has immediate crucial Resistance at 2045—2050.If
this level is positively breached and
sustained then S&P 500 has next resistance building around 2066—2077.
S&P 500 has immediate Support intact at 2032—2030.If
this level is negatively sustained and breached then one see next support
building around 2014—2010.
RSI of 38 and decreasing also indicate that short term trend
is weak and investors are maintaining caution in S&P 500 as BREXIT news can
create uncertainty in market for some time and hence investors maintaining
hawkish approach.
MACD of 0.39 is also indicate the above as investors
maintaining hawkish approach looking at the BREXIT event which is creating uncertainty
all over the world and buyers are waiting for market sentiments to improve.
More Will Update Soon!!
