$SPX ( S&P500 ) as of February 19, 2021
Technical Overview of S&P500(SPX)
Good Evening!
SPX ( S&P500 ) as of February 19, 2021: SPX decreased by 7.26 (-0.19%) points.
As a continuation of the previous day's hammer candle in the daily chart, SPX made a bullish candle in the first two hours. But the higher price was rejected, and we got a lower high in the two-hour chart. SPX is moving sideways in the intraday chart, and the range of the consolidation is between 3931.50 to 3885.03. The next support is around 3873 and 3858.
We got a complete candle on the weekly chart today. In the weekly chart, SPX touched the upper boundary of the channel. We will likely see a pullback, but it is not yet evident if the pull is shallow or deep.
Have A Great Weekend!
Good Evening!
SPX ( S&P500 ) as of February 19, 2021: SPX decreased by 7.26 (-0.19%) points.As a continuation of the previous day's hammer candle in the daily chart, SPX made a bullish candle in the first two hours. But the higher price was rejected, and we got a lower high in the two-hour chart. SPX is moving sideways in the intraday chart, and the range of the consolidation is between 3931.50 to 3885.03. The next support is around 3873 and 3858.
We got a complete candle on the weekly chart today. In the weekly chart, SPX touched the upper boundary of the channel. We will likely see a pullback, but it is not yet evident if the pull is shallow or deep.
Have A Great Weekend!
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