S&P500: Continuing the correction...
The S&P500 closed today, with a bearish candle, ending up around its EMA10. The Volatility is rising, the bollinger bands are spreading up, the 2030.23 level was not broken out, which suggest the benchmark will seek lower lows tomorrow.
The benchmark will head to 2002, with 2006.4 as a primary objective, should the bearish market continue, with 2021.18 as a resistance.
The bearish market will only be rejected when it breaks out 2030.23, which will lead to a movement towards 2048.39.
The daily Pivot Point is around 2024.46. The daily support levels are around 2011.45 and 2003.96. The daily resistance levels are around 2032.2 and 2045.46.
The benchmark will head to 2002, with 2006.4 as a primary objective, should the bearish market continue, with 2021.18 as a resistance.
The bearish market will only be rejected when it breaks out 2030.23, which will lead to a movement towards 2048.39.
The daily Pivot Point is around 2024.46. The daily support levels are around 2011.45 and 2003.96. The daily resistance levels are around 2032.2 and 2045.46.
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