S&P 500 – Confluence of key levels around 2100
Resistance
2114.7 (Oct 13 low)
2124.4 (Oct 17 low)
2131.5 (current month high)
Support
2103-2100 (23.6% of Feb low – Aug high & monthly 10-MA)
2081 (200-DMA)
2047.2 (38.2% of Feb low – Aug high)
Comments – Despite the bearish closing yesterday below 2120 levels, the index is finding support at the confluence of monthly 10-MA and 23.6% Fibo around 2100 levels. Moreover, the monthly 10-MA is still sliding upwards, thus a rebound from the same followed by a break above 2131.5 (monthly high) would open doors for a revisit to 2150-2160 area.
2114.7 (Oct 13 low)
2124.4 (Oct 17 low)
2131.5 (current month high)
Support
2103-2100 (23.6% of Feb low – Aug high & monthly 10-MA)
2081 (200-DMA)
2047.2 (38.2% of Feb low – Aug high)
Comments – Despite the bearish closing yesterday below 2120 levels, the index is finding support at the confluence of monthly 10-MA and 23.6% Fibo around 2100 levels. Moreover, the monthly 10-MA is still sliding upwards, thus a rebound from the same followed by a break above 2131.5 (monthly high) would open doors for a revisit to 2150-2160 area.
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.