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SP 500 Daily Technical Analysis | 12 February 2018

2018-02-12 12:13 am | Resource: Technical Analysis | No Views : 95

 
Time frame Used - four hours
The S & P 500 is moving in a sideway in the  near-term
SP500 CHART
The S & P 500 ended the session today On the rise
 as the purchasing power managed to control the movement of the index to reach the level of 2639 forming a  positive candlesticks pattern
  And looking at the technical indicators
Both the RSI and the Stochastic are indicating signs of recovery
  Therefore, we expect the S & P 500 to test 2661 and 2726 again
The alternative scenario is further downside to 2532
Resistance: 2661 - 2726 - 2768
Support: 2601-2532-2500
Direction: sideway
Technical Analysis
Stocks and indices Analysis


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