S&P 500 Technical Outlook: Key Levels and Trend Reversal Signals

21 нояб. 2024 г.

S&P 500 Technical Analysis

The price exhibits bearish momentum as long as it trades below 5945, with potential downside targets at 5927, 5896, and 5863.

For a bullish reversal, the price must break the current price by closing a 4-hour candle above 5945. If this occurs, the bullish trend could extend towards 5970.


Key Levels:
Pivot Point: 5945
Resistance Levels: 5970, 5989, 6020
Support Levels: 5898,5863, 5843

Trend Outlook:
- Bullish Above 5945
- Bearish Below 5945

22 нояб. 2024 г.

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S&P 500 Technical Analysis

The price is anticipated to reach 5970, at which point the market will likely determine its directional bias.

Bearish Scenario: Sustained trading below 5970 could pave the way for further downside targets at 5932 and 5896.
Bullish Scenario: A decisive breakout above 5972, confirmed by a 4-hour candle close, would signal bullish momentum, with potential targets at 6022.


Key Levels:
Pivot Point: 5972
Resistance Levels: 5989, 6020
Support Levels: 5932, 5896, 5863