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SP500 Technical Analysis 17 May 2018

2018-05-17 12:18 am | Resource: Technical Analysis | No Views : 271

Time Frame Used - Daily
The S & P 500 is moving in a sideway in the  near-term
The S & P 500 is still facing resistance around level  of 2723
  In view of the technical indicators
Both the RSI and the Stochastic are indicating signs of recovery
  Therefore, we expect that  the S & P 500 will  test levels of 2789-2876
The alternative scenario is that the S & P 500 will fall to levels of  2677-2647
Resistance: 2723 - 2789 - 2876
Support: 2677-2647-2584
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