US500 closed the week at 4180.60 below 4191.9 new all-time high. The outlook is bullish, so the index could resume its upwards movement. USD’s depreciation helped the US stock market to hit new records. Any temporary retreat could help the buyers to go long and catch a new upside momentum even if the rate is […]
S&P 500 Price Analysis – April 14 The S&P 500 updated the record highs during the day at 4154 levels, gaining 0.02% before retreating lower. The bond market sell-off will restart in due course, capping stock market gains. Since mid-March, the 10-year Treasury yield has been relatively steady. Key LevelsResistance Levels: 4250, 4200, 4154Support Levels: […]
S&P 500 Price Analysis – April 8 S&P 500 renewed its year high by rising above 4100 at the time of this post. The index is consolidating under a new record high of 4102.5, posted after a 0.12% rally on Thursday, sparked by positive market sentiment. The global economy jumped as optimism about rapid growth […]
S&P 500 Price Analysis – March 31 The S&P 500 index rose to weekly highs of 3,983.4 on Monday, but the upside bias has dwindled ahead of the 4000 key barriers in the current session. The US 10-year Treasury yield stays firm around the highest since January 2020. Dollar and US yields will continue to […]
Key Resistance: 3990 Key Support: 3860 The SP500 has rallied strongly since the last pullback from mid February to the beginning of March (-6.16%). After that 2 week pullback it rallied 7.17% to all time highs to see another pullback to last week´s lows (-3.41%). It has now retested and is in the process of […]
Key Resistance: 3940 Key Support: 3900 – 3870 The SP500 has been in a bearish structure from last week printing lower highs and lower lows. This price move comes after a +7.10% move since the last 3 weeks. We can see the SP500 is now capped to the upside by the 3940 level which confluences […]
Key Resistance Zones: 4000.0, 4500.0, 5000.0Key Support Zones: 3500.0, 3000.0, 2500.0 S&P 500 Long-term Trend: BullishS&P 500 has been in an uptrend since November 2020. The uptrend is currently facing rejection at level 4000. In the price action, the price is making a series of higher highs and higher lows. The current downtrend is expected […]
The S&P 500 (SPX) and the Nasdaq 100 (NDX) slipped lower on Wednesday, as US bond yields rallied ahead of the FOMC policy statement slated for later today, where traders will be watching if the central bank raises interest rates sooner than expected. The benchmark 10-year yield recorded a new 13-month high around 1.67%, which […]
S&P 500 Price Analysis – March 10 S&P 500 pullback from the all-time high of 3963 levels continues in a range as price hovers beneath the 3900 levels during early Wednesday. As of writing, the S&P 500 was up at 0.12% on the day at 3881 levels amid a softer US dollar index as market […]
