The S&P 500 (SPX) is now starting to bounce. The sellers are exhausted according to the indicators and we are seeing a strong jump taking place today. We have more details on the chart above. We believe that prices can bounce before producing one final strong drop, but it all depends on how these support and resistance levels are handled, we remain open to all...
Conjuncture As Coronavirus seem to have reached in the EU what looks to be so far its "propagation ceiling", the US is being rapidly contaminated with the virus; their extremely precarious healthcare system worsening the spread by making it increasingly harder for people to get tested. The US spread, being late of a week or two behind the EU, still has lots of...
Collective High-Low important for follow through / invalidation.
Quarterly Chart.
This could be heading to sub 3300 zone.
Support Zone marked. $SPX #SPX
Break Below can be Bearish.
Revising the support zone as the shaded one on chart.
Hi, today we are going to talk about the S&P 500 and its current landscape. At the index, we observe a strong confluence of Gann. Such accumulation follows the narrowing of the supports and resistances of Gann. As possible trade targets, we have the Fibonacci retracement. Thank you for reading and leave your comments if you like.
Head & Shoulder pattern observed in S&P 500 Index. Should the pattern confirm by breaching 2800 on closing basis, one can expect the index to fall towards 2645. En route 2720 area is a visible support for shorts to be wary of.