S&P 500 Index
Long

Bullish Momentum in S&P 500 as Market Stabilizes Above 5327

97
Bullish Momentum in S&P 500 as Market Stabilizes Above 5327

The S&P 500 (SPX) has stabilized within a bullish trend by stabilizing above 5327, targeting 5363 and 5412 soon. The current volatility and technical indicators suggest bullish momentum.

Bullish Scenario:
As long as the price trades above 5327 will support a bullish trend toward 5412

Bearish Scenario:
the price should drop to stabilize under 5327 to be downtrend toward 5260

Key Levels:
- Pivot Line: 5327
- Resistance Levels: 5365, 5412, 5450
- Support Levels: 5291, 5260, 5214

Today's Expected Trading Range: The price is anticipated to fluctuate between 5291 and 5412.

Direction: looks bullish above 5327

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.