S&P outlook - Mostly bullish
S&P 500 looks in a long term bull run with short tern (<week)in range (2175-2160) Medium term (2-3 week) support at 2130 & 2110. Close below these levels would test the levels of 2075 and absolute support at 2000.
Thus a maximum of 10% downside is expected.
On the upside if sustains above 2175 then 2250 level is expected to a max of 2280 in medium term.
Thus a maximum of 10% downside is expected.
On the upside if sustains above 2175 then 2250 level is expected to a max of 2280 in medium term.
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.