S&P 500 IndexLong
S&P 500 Technical Outlook: Pivot Points and Market Trends
US Futures Rise Notably in Holiday-Shortened Week
US stock futures were significantly higher on Monday after the S&P 500 posted its largest gain since early November on Friday.
Technical Overview:
As long as the price trades above 5971, the bullish trend will continue with potential upward targets at 5995 and 6022.
However, if the price closes below 5971 on a 4-hour (4H) candle, a bearish move toward 5936 may follow.
Key Levels:
Pivot Point: 5971
Resistance Levels: 5995, 6022, 6053
Support Levels: 5936, 5919, 5895
Trend Outlook:
Downward by stability below 5971
Bullish Trend above 5971
US stock futures were significantly higher on Monday after the S&P 500 posted its largest gain since early November on Friday.
Technical Overview:
As long as the price trades above 5971, the bullish trend will continue with potential upward targets at 5995 and 6022.
However, if the price closes below 5971 on a 4-hour (4H) candle, a bearish move toward 5936 may follow.
Key Levels:
Pivot Point: 5971
Resistance Levels: 5995, 6022, 6053
Support Levels: 5936, 5919, 5895
Trend Outlook:
Downward by stability below 5971
Bullish Trend above 5971
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