SP500 Index Technical Analysis

10 ביוני

SP500 Index Technical Analysis

The SP500 index appears poised for a retest of the 5320 level. A break below 5320 would likely lead the index to touch 5301.

• Bullish Scenario:
  For the bullish trend to continue, the price must stabilize above 5347. If it does, the next target will be 5375. Breaking through 5375 could lead to new record highs.
  
  
• Bearish Scenario:
  If the price trades below 5347, it indicates a potential drop towards 5320. A breach of 5320 could further lead to 5301. Stabilizing below 5301 would activate the bearish area, with the next target at 5260.
  
  Key Levels:
  - Pivot Line: 5347
  - Resistance Levels: 5378, 5400, 5423
  - Support Levels: 5320, 5301, 5260Today's Expected Trading Range:
  - Support: 5301
  - Resistance: 5375
  
  In summary, maintaining a position above 5347 favors a bullish outlook, aiming for higher resistance levels. Conversely, trading below 5347 suggests a bearish trend, with potential support targets at 5320 and 5301.