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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
SP500 CHART
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


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