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SP 500 Daily Technical Analysis | 30 January 2018

2018-01-30 12:19 am | Resource: Technical Analysis | No Views : 223

 
Time frame Used - four hours
The S & P 500 is moving in a bullish direction in the near term
SP500 CHART
The purchasing power managed to control the movement of the S & P 500 index from breaking the level of 2824 up to reach the level of 2882 to face resistance and selling pressure to retreat to the level of 2851 trying to
consolidate  above this level
 And looking at  the technical indicators
Both the RSI and the Stochastic are indicating signs of recovery
  Therefore, we expect the S & P 500 to return to the level of 2882

The alternative scenario is to drop the index to 2824
Resistance: 2882 - 2967
Support: 2851 - 2824
Direction: Up

Technical Analysis
Stocks and indices Analysis


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