S&P 500 Daily Chart Analysis For Week of July 19, 2024
Technical Analysis and Outlook:
The Spooz has once again demonstrated resilience in this week's trading session by banging on Key Res 5635 and completed Inner Index Rally 5642. This week's achievement was also the completion of Inner Index Rally 5668. The prevailing price action suggests a continuous primary decline toward the Mean Support at 5449 and a conceivable extension to the Mean Support at 5420. Anticipation surrounds a prompt recovery after attaining these targets, directing the price toward the designated target of Mean Resistance at 5567, with a conceivable extension to Key Resistance at 5666 in the impending week's trading session.
The Spooz has once again demonstrated resilience in this week's trading session by banging on Key Res 5635 and completed Inner Index Rally 5642. This week's achievement was also the completion of Inner Index Rally 5668. The prevailing price action suggests a continuous primary decline toward the Mean Support at 5449 and a conceivable extension to the Mean Support at 5420. Anticipation surrounds a prompt recovery after attaining these targets, directing the price toward the designated target of Mean Resistance at 5567, with a conceivable extension to Key Resistance at 5666 in the impending week's trading session.
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