S & P 500 INDEX HOURLY GANN ANALYSIS ON 02 FEB 2024 AT 6:29 IST
S&P 500 Index made an ATH at 4931.09 at 1:30 on 31 Jan 2024. Thereafter has fallen to the cluster zone support at 4836.40 and 4845.04. Actual low was at 4845.49 at 1:30 IST on 01 Feb 2024.We saw consolidation at the same cluster zone on 2223 Jan 2024. Currently trading at 4906.19 at 6:34 IST on 02 Feb 2024. Gann students know the important of Big Round Number BRN of 4900. Price and Time to watch will be 4900 level and 04 Feb 2024 as per Gan theory for swing trades. 4850 level is Time support level for the Index. High of 4906.69 to be watched for further clues made at 21:30 IST on 26 Jan 2024. This level may be used for your trading bias. On chart major level to be watched is 4898.11 as support below which trend is down.
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