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SP 500 Daily Technical Analysis | 15 February 2018

2018-02-15 09:26 am | Resource: Technical Analysis | No Views : 346

 
Time frame Used - four hours
The S & P 500 is moving in a sideway in the near-term
SP500 CHART
the Purchasing power managed to control the movement of the S & P 500 index to bounce up to the level of 2716
  And looking at the technical indicators
Both the RSI and the Stochastic are indicating the arrival of indicators to the overbought area
  Accordingly, we expect the S & P 500 to test the 2661 and 2729 levels, where we expect the index to face selling pressures that could push it back to 2627
The alternative scenario is further downside to 2580
Resistance: 2729 - 2765 - 2805
Support: 2627-2580-2532
Direction:
sideway
Technical Analysis
Stocks and indices Analysis


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