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S&P 500 Technical Analysis

S&P 500 Technical Analysis
On the daily chart below for the S&P 500, we can see that the price action remains rangebound just beneath the 4175 level. This has been a really strong resistance and we can expect some quick rally once the price breaks out decisively with buyers jumping in aggressively and sellers folding fast. Overall, the market hasn’t done much since April as we’ve just been bouncing up and down between the 4175 resistance and the 4061 support. This is the type of market that chops out many traders that suf... Read More
Posted: May 18 2023, 10:24
Author Name: forexlive
Views: 112591

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