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S&P 500 Index
Updated

S&P bounce and further downside

105
There's been a lot of talk regarding rate cuts we could have possibly seen that priced in with the bounce on Friday and initially I was looking for it to back test around 3060 but with bad news piling in (first US death/community transmissions) I'm looking for it to test the levels below possibly with a rough open on Monday. Next levels I'm looking at are around 2725 and mid 2500s if we see further downside as anticipated.
Note
Strong bounce today i'm still looking for 3065-3070 for the first resistance area, if it breaks through with enough momentum then areas around 3125 and 3215 will be my next areas of interest.
MillerTradez
Chart PatternsS&P 500 E-Mini FuturesTechnical IndicatorsS&P 500 (SPX500)SPDR S&P 500 ETF (SPY) Trend Analysis

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Chart PatternsS&P 500 E-Mini FuturesTechnical IndicatorsS&P 500 (SPX500)SPDR S&P 500 ETF (SPY) Trend Analysis
MillerTradez

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.