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SP 500 Daily Technical Analysis | 29 January 2018

2018-01-28 11:26 pm | Resource: Technical Analysis | No Views : 153

Time frame Used - four hours
The S & P 500 is moving in a bullish direction in the near term
The purchasing power was able to control the movement of the S & P 500 index from penetrating the level of 2824 up to reach the level of 2874
  And looking at the technical indicators
Both the RSI and the Stochastic are indicating to the arrival of indicators into the overbought area
  Therefore, we expect the S & P 500 to fall to 2824 and then bounce back higher to target 2882
Resistance: 2882 - 2967
Support: 2824 - 2805
Direction: Up

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