country flagالعربية

SP500 Technical analysis | 22 February 2018

2018-02-22 12:19 am | Resource: Technical Analysis | No Views : 373

Time frame Used - four hours
The S & P 500 is moving in a bearish direction in the near term
The selling force  was  able to control the S & P 500's move to breach 2729 level down to the support level of 2688
  And looking at the technical indicators
Both the RSI and the Stochastic are indicating  to the continued decline in indicators
  Accordingly, we expect the index to drop to 2627 levels
The alternative scenario is to break the index to 2754 level to reach 2805 level
Resistance: 2729 - 2754 - 2805
Support: 2688-2627-2580
Direction: Down

Technical Analysis
Stocks and indices Analysis

Other news

Wall Street shares markets open lower after Saudi Aramco attack

Shares on Wall Street began the first trading session of the week low after an attack on two facilities of Saudi Aramco, cutting the oil giant's production in half. The United States accuses Iran of being behind the attack, while Tehran has denied the allegations. It is reported that the incident will delay the initial public offering of Aramco. At the same time, more than 49,000 GM workers began a…

More news

Best trading brokers

All Rights Reserved
Risk Disclaimer: Trading in foreign exchange market (Forex) includes the risks and the possibility of loss. That is why we are keen on providing the highest quality news and analysis concerning the different markets traded. The opinions expressed in the site indicate the opinion of the author only and not the views of the administration or the public, knowing that errors could be encountered and there is a possibility to commit them. Before starting to trade you should carefully consider your investment objectives, and review the level of experience and risk appetite. In some cases, possible high leverage can lead to loss of funds invested, so you can not invest money that you can not handle its possible loss. You should be aware of all the risks associated with foreign exchange trading and seek for advices from an independent financial advisor if you have any does not assume any responsibility after the occurrence of financial loss to the dealer and the user carries full responsibility for the losses resulting from the use of news, analysis and data on the site.