Bullish Momentum in S&P 500 as Market Stabilizes Above 5327
Bullish Momentum in S&P 500 as Market Stabilizes Above 5327
The S&P 500 (SPX) has stabilized within a bullish trend by stabilizing above 5327, targeting 5363 and 5412 soon. The current volatility and technical indicators suggest bullish momentum.
Bullish Scenario:
As long as the price trades above 5327 will support a bullish trend toward 5412
Bearish Scenario:
the price should drop to stabilize under 5327 to be downtrend toward 5260
Key Levels:
- Pivot Line: 5327
- Resistance Levels: 5365, 5412, 5450
- Support Levels: 5291, 5260, 5214
Today's Expected Trading Range: The price is anticipated to fluctuate between 5291 and 5412.
Direction: looks bullish above 5327
The S&P 500 (SPX) has stabilized within a bullish trend by stabilizing above 5327, targeting 5363 and 5412 soon. The current volatility and technical indicators suggest bullish momentum.
Bullish Scenario:
As long as the price trades above 5327 will support a bullish trend toward 5412
Bearish Scenario:
the price should drop to stabilize under 5327 to be downtrend toward 5260
Key Levels:
- Pivot Line: 5327
- Resistance Levels: 5365, 5412, 5450
- Support Levels: 5291, 5260, 5214
Today's Expected Trading Range: The price is anticipated to fluctuate between 5291 and 5412.
Direction: looks bullish above 5327
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