S&P 500 Daily Chart Analysis For Week of March 22, 2024
Technical Analysis and Outlook:
The S&P 500 (Spooz) index has continued to move on to new highs in this week's trading session. The current squeeze movement is posed to target Mean Sup 5177 with the possibility of extending the squeeze to the next Mean Sup 5120. On the upside, the Spooz is aiming for a newly created Key Res level of 5260, which is anticipated to serve as a pushing point to Outer Index Rally 5280.
The S&P 500 (Spooz) index has continued to move on to new highs in this week's trading session. The current squeeze movement is posed to target Mean Sup 5177 with the possibility of extending the squeeze to the next Mean Sup 5120. On the upside, the Spooz is aiming for a newly created Key Res level of 5260, which is anticipated to serve as a pushing point to Outer Index Rally 5280.
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