S&P
500
S&P
500 has been in habit of following our mentioned levels and it has been doing
it for some time and traded at our mentioned levels S&P 500 showed a
positive session and showed some improvements in trend as it opened positively
at 2180 and from there made high of 2187 before closing the positive and
improving session at 2187 with gain of just 5.50 points or increase of 0.25% to
the indesx. S&P 500 has been in consolidation mode and moving in range as
recent highs were made and once a strong support is build then we may see
upside move.
S&P 500 has crucial immediate resistance intact 3000--3010. If this level is positively sustained and breached then one see next Resistance at 3030--3040.
S&P
500 Support is also intact at 2175--2170.If this is breached negatively and not
sustained then one see next support building around 2160--2140.
RSI of
64.25 and improving suggest that short term trend is
towards is consolidation and we may see investors maintain an hawkish approach
or stock specific approach as S&P 500
MACD of
positive 11.91 and decreasing also suggest that S&P 500 may enter
consolidation phase and for short term we may see some hawkishness as Investors
would like to skim profit before Inflation data which could create further
panic on downside if mentioned supports are not positively sustained.
More Will Update Soon !!
