Technical Analysis and Outlook:
The S&P 500 Index demonstrated a consistent downward trend during this week's trading session, reaching a significant target at the Mean Support level 5828. The index is currently trending lower, targeting the Inner Index Dip at 5730, with additional marks identified at the Mean Support levels of 5660 and 5600. Conversely, the index has the potential to rebound from its present position, advancing toward the Mean Resistance level of 5860 and retesting the previously completed Outer Index Rally at 5955.
The S&P 500 Index demonstrated a consistent downward trend during this week's trading session, reaching a significant target at the Mean Support level 5828. The index is currently trending lower, targeting the Inner Index Dip at 5730, with additional marks identified at the Mean Support levels of 5660 and 5600. Conversely, the index has the potential to rebound from its present position, advancing toward the Mean Resistance level of 5860 and retesting the previously completed Outer Index Rally at 5955.
Related publications
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.
Related publications
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.