Technical Analysis and Outlook
The S&P500 closed sharply lower on Wednesday as it completes its Inner Index Dip to 2490. The low-range close sets the stage for a steady to higher Dead-Cat-Bounce to Mean Resistance 2590 level (Leg 5). While the second resistance lays at Key Resistance 2651. Currently, there are no significant support levels other than completed Inner Index Dip 2490 level and Outer Index Dip 2382 upcoming outcome. See 'Market Commentary' tab.
The S&P500 closed sharply lower on Wednesday as it completes its Inner Index Dip to 2490. The low-range close sets the stage for a steady to higher Dead-Cat-Bounce to Mean Resistance 2590 level (Leg 5). While the second resistance lays at Key Resistance 2651. Currently, there are no significant support levels other than completed Inner Index Dip 2490 level and Outer Index Dip 2382 upcoming outcome. See 'Market Commentary' tab.
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.
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.