TECHNICAL ANALYSIS OUTLOOK - INDEX $SPX - S&P500 - SP500 - SPX
Sun 20.Jan.2019
Ticker: SP: SPX
LAST= 2,670.71
SP500 INDEX movement during the last few days showed a Bullish move, with a recent high price seen on Fri 18.Jan.2019 at 2,675.47.
During the next few days the price is expected to go up to test a psychological resistance level of 2,700.00.
The Short-Term view is expected to continue to be UP as long as the price is above 2,625.00, and it’s recommended to ‘BE LONG ' for a targeted price of around 2,700.00 taking in consideration the resistance levels.
On the other hand, a change in the direction of the general trend needs to be considered when the price trades below the level 2,520.00
Res_2 = 2,725.00
Res_1 = 2,680.00
Sup_1 = 2,630.00
Sup_2 = 2,580.00
Ticker: SP: SPX
LAST= 2,670.71
SP500 INDEX movement during the last few days showed a Bullish move, with a recent high price seen on Fri 18.Jan.2019 at 2,675.47.
During the next few days the price is expected to go up to test a psychological resistance level of 2,700.00.
The Short-Term view is expected to continue to be UP as long as the price is above 2,625.00, and it’s recommended to ‘BE LONG ' for a targeted price of around 2,700.00 taking in consideration the resistance levels.
On the other hand, a change in the direction of the general trend needs to be considered when the price trades below the level 2,520.00
Res_2 = 2,725.00
Res_1 = 2,680.00
Sup_1 = 2,630.00
Sup_2 = 2,580.00
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