S&P 500 IndexLong
SP50 / Bullish Momentum and Key Levels to Watch
S&P 500 Technical Analysis
The price retested the bearish correction we mentioned earlier, then pushed upward again and continued toward 6022.
The S&P 500 has a bullish momentum aiming for 6022. To confirm the bullish area toward 6099, a 4-hour candle should close above 6022.
Otherwise, as long as the price trades below 6022, it will likely oscillate between 6022 and 5971 until a breakout occurs.
Key Levels:
Pivot Point: 5995
Resistance Levels: 6022, 6053, 6099
Support Levels: 5971, 5936, 5919
Trend Outlook:
Consolidation: Between 6022 and 5971
Bullish Trend: Above 6022
The price retested the bearish correction we mentioned earlier, then pushed upward again and continued toward 6022.
The S&P 500 has a bullish momentum aiming for 6022. To confirm the bullish area toward 6099, a 4-hour candle should close above 6022.
Otherwise, as long as the price trades below 6022, it will likely oscillate between 6022 and 5971 until a breakout occurs.
Key Levels:
Pivot Point: 5995
Resistance Levels: 6022, 6053, 6099
Support Levels: 5971, 5936, 5919
Trend Outlook:
Consolidation: Between 6022 and 5971
Bullish Trend: Above 6022
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