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SP 500 Daily Technical Analysis | 22 January 2018

2018-01-22 12:22 am | Resource: Technical Analysis | No Views : 188


Time frame Used - four hours
The S & P 500 is moving in a sideway in the near-term
SP500 CHART
The S & P 500 is still facing resistance and selling pressure around the 2805 level
 And looking at  the technical indicators
Both the RSI and the Stochastic are indicating to the arrival of indicators into the overbought area and the start of the decline below
  Therefore, we expect the S & P 500 to fall to 2768
The alternative scenario is to breach the 2805 level targeting 2842-2846
Resistance: 2805 - 2864
Support: 2769 - 2747
Direction: sideway

Technical Analysis
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