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S&P 500 Technical Analysis - Key resistance in sight

The selloff that started at the beginning of August is starting to show signs of weakness. Although nothing changed fundamentally, the S&P 500 started to rise as the market was just probably overstretched. This looks more like a pullback as the miss in yesterday’s US PMIs doesn’t support the bullish case. S&P 500 Technical Analysis – Daily TimeframeOn the daily chart, we can see that the S&P 500 bounced near a key support at 4324 and rallied all the way back to a previous key level where we can... Read More

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Content Topics

Technical

Analysis

Resistance

Sight

Forex

Posted: Aug 24 2023, 08:33

Author Name: forexlive

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