S&P 500 Analysis: Key Levels and Impact of NFP News
S&P 500 Analysis
The price is currently ranging between 5895 and 5918, awaiting a breakout to determine the next direction.
A break below 5895 is likely to push the price into a bearish move toward 5863.
If the price remains above 5895, it may attempt to reach 5937 before any potential decline.
A break above 5937 would signal a bullish continuation towards 5969.
If the price stabilizes below 5863, it is expected to drop further to 5825.
Note: Today's Non-Farm Payrolls (NFP) data release is expected to have a significant impact on the market, potentially driving volatility and influencing these key levels.
Key Levels:
Pivot Point: 5900
Resistance Levels: 5937, 5969, 6002
Support Levels: 5863, 5845, 5825
The price is currently ranging between 5895 and 5918, awaiting a breakout to determine the next direction.
A break below 5895 is likely to push the price into a bearish move toward 5863.
If the price remains above 5895, it may attempt to reach 5937 before any potential decline.
A break above 5937 would signal a bullish continuation towards 5969.
If the price stabilizes below 5863, it is expected to drop further to 5825.
Note: Today's Non-Farm Payrolls (NFP) data release is expected to have a significant impact on the market, potentially driving volatility and influencing these key levels.
Key Levels:
Pivot Point: 5900
Resistance Levels: 5937, 5969, 6002
Support Levels: 5863, 5845, 5825
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