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S&P 500 / It's beginning to look a lot like rate cuts
S&P 500 Index
Long
S&P 500 / It's beginning to look a lot like rate cuts
By SroshMayi
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Aug 22
5
Aug 22
It's beginning to look a lot like rate cuts
S&P 500 Technical Analysis
The price is currently consolidating between 5620 and 5675, awaiting a breakout.
Bullish Scenario:
Stability above 5620 means will touch 5642 and above it 5672
Bearish Scenario:
If the price remains below 5620, it could lead to a corrective move down to 5584.
Key Levels:
- Pivot Line: 5620
- Resistance Lines: 5642, 5675, 5700
- Support Lines: 5584, 5553, 5525
Today's Expected Trading Range: The price is expected to fluctuate between 5584 and 5675.
Trend: Bullish momentum
sp500index
SPX (S&P 500 Index)
S&P 500 (SPX500)
Supply and Demand
Support and Resistance
Trend Analysis
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