Technical Analysis and Outlook
SPX (S&P500) plunged over 90 points - classic Dead-Cat-Bounce rally. In the overrun scenario of intermediate Mean Resistance 2690, and Key Resistance 2736 we have newly created Key Resistance 2790. However, the index main destiny is revisiting Mean Support 2633 and completed Index Dip 2630, while Key Support 2583, and outer Index Dip 2527 is in a store to be played out. (See 'Market Commentary' website tab).
SPX (S&P500) plunged over 90 points - classic Dead-Cat-Bounce rally. In the overrun scenario of intermediate Mean Resistance 2690, and Key Resistance 2736 we have newly created Key Resistance 2790. However, the index main destiny is revisiting Mean Support 2633 and completed Index Dip 2630, while Key Support 2583, and outer Index Dip 2527 is in a store to be played out. (See 'Market Commentary' website tab).
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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.