My Analysis: S&P 500 Future is likely to move upward till it touches target @4540. Following factors support the Analysis
1. Fibonacci Retracement at 50%.
2. Although there is a demand zone @3226, price does not move to demand zone with single fall i.e from @4816. So less chance of moving downward again.
3. Bollinger Lower band acts as a support.
1. Fibonacci Retracement at 50%.
2. Although there is a demand zone @3226, price does not move to demand zone with single fall i.e from @4816. So less chance of moving downward again.
3. Bollinger Lower band acts as a support.
Note
Exactly moved as per my Analysis
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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.