S&P 500 IndexUpdated 2720.. support, resistance
back in March, 2720 has been a magnet for SPX.The trendlines channel looks weak for SPX, but close to be oversold...
I have no opinion for now, but the lower trendline in an oversold area may show some support.
I have no opinion for now, but the lower trendline in an oversold area may show some support.
Note
keep in mind, window dressing for the end of the quarter will start soon... for bonuses... 2700 should hold this week, and a significant bounce above the 2720 area is to be expected by friday.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.