SP: SPX
Sun 02/Dec/2018 14:56
Ticker: SP: SPX
LAST= 2,760.17
S&P 500 INDEX movement during the last few days showed a Bearish move, with a recent low price seen on Fri 23.Nov.2018 at 2,631.09.
During the next few days the price is expected to go up for 2,774.50 and then to 2,794.10.
The Short-Term view is expected to continue to be in Consolidation between 2,795.00 -- 2,647.50. But as of now, as long as the price is trading above 2,744.85, its recommended to [ BE LONG ] for a targeted price of around 2,783.88 Taking in consideration the resistance levels.
On the other hand, a change in the direction of the general trend needs to be considered when the price trades below the level 2,700.00
Res_2 = 2,821.72
Res_1 = 2,777.98
Sup_1 = 2,734.24
Sup_2 = 2,690.50
Ticker: SP: SPX
LAST= 2,760.17
S&P 500 INDEX movement during the last few days showed a Bearish move, with a recent low price seen on Fri 23.Nov.2018 at 2,631.09.
During the next few days the price is expected to go up for 2,774.50 and then to 2,794.10.
The Short-Term view is expected to continue to be in Consolidation between 2,795.00 -- 2,647.50. But as of now, as long as the price is trading above 2,744.85, its recommended to [ BE LONG ] for a targeted price of around 2,783.88 Taking in consideration the resistance levels.
On the other hand, a change in the direction of the general trend needs to be considered when the price trades below the level 2,700.00
Res_2 = 2,821.72
Res_1 = 2,777.98
Sup_1 = 2,734.24
Sup_2 = 2,690.50
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.