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SP500 Technical Analysis 5 June 2018

2018-06-06 12:14 am | Resource: Technical Analysis | No Views : 262

Time Frame Used - Daily
The S & P 500 is moving in a sideway in the  near-term

the Purchasing power managed to control the movement of the S & P 500 index to break through the upper boundary  of the symmetrical triangle around level  of 2700
  In view of the technical indicators
Both the RSI and the Stochastic are indicating signs of recovery
  Accordingly, we expect that  the S & P 500 to target level of  3046
The alternative scenario is that the S & P 500 index break level of 2700 down to drop to level of  2589
Resistance: 2805 - 2878 - 3046
Support: 2700 - 2598 - 2497
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