S&P500: A big double bottom with 2100.81 as a target...
The S&P500 closed in the green on Friday, around the critical 2033.11 level. The bollinger bands are widening and volatility is falling as the VIX was 15.05 at the closing bell. The bullish market will continue, should the volatility continue its retreat, with 2051.01 as an objective, and 2043.15 as a primary objective.
An eventual breakout of 2020.46 will send the benchmark south, back to 2007.32, with 2012.57 as a primary objective.
The daily Pivot Point is around 2029.03. The daily support levels are around 2024.53 and 2015.95. The daily resistance levels are around 2037.61 and 2042.11.
An eventual breakout of 2020.46 will send the benchmark south, back to 2007.32, with 2012.57 as a primary objective.
The daily Pivot Point is around 2029.03. The daily support levels are around 2024.53 and 2015.95. The daily resistance levels are around 2037.61 and 2042.11.
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