U.S. stock index futures rose Monday, buoyed by easing oil prices, even as geopolitical tensions between Israel and Iran simmer in the background. All eyes are now on the upcoming Federal Reserve meeting. 👀💼
But here’s the catch on the S&P 500 👇
🔹 Price is stalling at a resistance line, tracing back to March highs
🔹 Daily RSI shows major divergence, signalling a loss of momentum
🔹 Rally is slowing just as it approaches the Feb all-time high at 6147
📉 If the index fails to hold and breaks below:
🔻 The 200-day MA at 5808
🔻 Key pivot levels at 5773 (Jan low) and 5787 (March peak)
…then we could see real downside pressure emerge.
🛑 For now, the market is showing red flags at a critical level. Stay alert — this could get interesting.
Disclaimer:
The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
But here’s the catch on the S&P 500 👇
🔹 Price is stalling at a resistance line, tracing back to March highs
🔹 Daily RSI shows major divergence, signalling a loss of momentum
🔹 Rally is slowing just as it approaches the Feb all-time high at 6147
📉 If the index fails to hold and breaks below:
🔻 The 200-day MA at 5808
🔻 Key pivot levels at 5773 (Jan low) and 5787 (March peak)
…then we could see real downside pressure emerge.
🛑 For now, the market is showing red flags at a critical level. Stay alert — this could get interesting.
Disclaimer:
The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
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The STA is the oldest technical analysis organisation in the world and to celebrate that fact, we have a free downloadable book on technical analysis here -
technicalanalysts.com
technicalanalysts.com
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.