S&P500: will the 1993.11 calm it down?
The S&P500 was skyrocketing during the last 2 sessions, smashing all the obstacles on its way. It has erased most of the losses it upheld since the FOMC last month.
The benchmark will have to cut through 1993.11 to pursue its rally towards 2005.48, with 1999.77 as a primary objective.
Failing to cut through 1993.11 will send it back to 1966.86, with 1977.34 as a primary objective.
The daily Pivot Point is around 1976.85. The daily support levels are around 1964.53 and 1942.01. The daily resistance levels are around 1999.37 and 2011.69.
The benchmark will have to cut through 1993.11 to pursue its rally towards 2005.48, with 1999.77 as a primary objective.
Failing to cut through 1993.11 will send it back to 1966.86, with 1977.34 as a primary objective.
The daily Pivot Point is around 1976.85. The daily support levels are around 1964.53 and 1942.01. The daily resistance levels are around 1999.37 and 2011.69.
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