Short-term bullish, but considering higher timeframe, this index is still under bearish pressure. May see some sellers start to attack between [2870-2885]. If it is a valid strong bearish pressure in the specified area, may see price will drop to 2700 or even lower.
Note
Short-term is based on 1h, 15min and 5 min charts. Sorry for some missing numbers here. "May see some sellers start to attack between 2870-2890.Note
Trade has been stopped out by this strong bullish momentum.Note
Currently, S and P 500 looks to me that it is only driven by the five big companies in the USA, not the whole representative of the remaining, which makes it quite hard to analyze. Neutral for me
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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.