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SP500 Technical Analysis 27 March 2018

2018-03-26 09:30 pm | Resource: Technical Analysis | No Views : 320

 
Time Frame Used - Daily
The S & P 500 is moving in a sideway in the near-term
SP500 CHART
The purchasing power managed to control the S & P 500 to bounce the S & P 500 index to reach the resistance level of 2647, trying to breach this level to the highest forming a positive candlestick pattern, where we note the composition of the S & P 500 bottom higher than the previous bottom
 In view of the technical indicators
Both the RSI and the Stochastic are indicating to the arrival of the indicators into the oversold area and the start of the recovery of indicators
 Accordingly, we expect that the S & P 500 will  test 2684-2755 levels
The alternative scenario is that the S & P 500 fall to level of 2583
Resistance: 2647 - 2684 - 2755
Support: 2583 - 2533 - 2488
Direction: sideway
Technical Analysis
Stocks and indices Analysis


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