SPx500 moving slowly

9 בנוב׳ 2023

In yesterday's trading, the index price touched the level of 4402 and then repeated the sideways fluctuation near 4362, affected by the attempt to exit the Stochastic indicator from the overbought level, while the general stability is above the support level extending towards 4383 and the attempt to form the moving average 55 for additional support by settling at 4423, this calls us to adhere to the bullish bias. Which may soon target 4423 and 4464, respectively.

Pivot Price: 4383
Resistance Price: 4402 & 4423 & 4464
support price: 4353 & 4328 & 4298

The general trend expected for today is bullish

timeframe: 4H