TECHNICAL ANALYSIS OUTLOOK - INDEX $SPX
Sun 10.Feb.2019
Ticker:
SPX
LAST= 2,707.88
S&P 500 INDEX movement during the last few days showed a Bullish move, with a recent high price seen on Tue 05.Feb.2019 at 2,738.98.
During the next few days the price is expected to go down to test the second support level of 2,665.00.
As long as the price is trading above 2,625.00, the outlook is to expect the price to continue to be in Consolidation between 2,725.00 - 2,625.00. But as of now, as the price is trading above 2,550.00, it’s recommended to ‘BE LONG ' for a targeted price of around 2,750.00 taking in consideration the resistance levels.
On the other hand, a change in the direction of the general trend needs to be considered when the price trades below the level 2,570.00
Res_2 = 2,750.00
Res_1 = 2,725.00
Sup_1 = 2,690.00
Sup_2 = 2,660.00
Ticker:
SPXLAST= 2,707.88
S&P 500 INDEX movement during the last few days showed a Bullish move, with a recent high price seen on Tue 05.Feb.2019 at 2,738.98.
During the next few days the price is expected to go down to test the second support level of 2,665.00.
As long as the price is trading above 2,625.00, the outlook is to expect the price to continue to be in Consolidation between 2,725.00 - 2,625.00. But as of now, as the price is trading above 2,550.00, it’s recommended to ‘BE LONG ' for a targeted price of around 2,750.00 taking in consideration the resistance levels.
On the other hand, a change in the direction of the general trend needs to be considered when the price trades below the level 2,570.00
Res_2 = 2,750.00
Res_1 = 2,725.00
Sup_1 = 2,690.00
Sup_2 = 2,660.00
Penafian
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