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Price may further increase in S&P 500 market
S&P 500 Nqe Kev Ntsuam Xyuas - 13 Lub Kaum Ob Hlis
When the momentum of the buyers increases, S&P 500 may break up the resistance level of $4087, and further increase envisaged towards $4169 and $4276 levels. The support level of $3937 can be penetrated if sellers increase their pressure, then, support level of $3740, and $3640 may be tested. The relative strength index period 14 is at 56 levels with the signal lines pointing up to indicate buy signal.
Theem theem:
Theem qib: $ 4087, $ 4169, $ 4276
Cov nyiaj them yug theem: $ 3937, $ 3740, $ 3649
S&P 500 Lub Sijhawm Ntev: Bullish
S&P 500 is bullish on the daily chart. The bulls maintain their position in the S&P 500 market but there was low volatility in the S&P 500 last week. S&P 500 continues trading within the resistance level of $4087 and support level of $3937. The bulls are yet to gain enough pressure to break up the mentioned resistance level. Likewise, the bears made an attempt to break down the support level of $3937 but the bulls defended the mentioned level. At the moment, the price is trading with the $ 3937 and $4087 levels.
S&P 500 is trading slightly above the 9-periods EMA and the 21-period EMA which indicate a bullish momentum. When the momentum of the buyers increases, S&P 500 may break up the resistance level of $4087, and a further increase is envisaged towards $4169 and $4276 levels. The support level of $3937 can be penetrated if sellers increase their pressure, then, a support level of $3740, and $3640 may be tested. The relative strength index period 14 is at 56 levels with the signal lines pointing up to indicate a buy signal.
S&P 500 Lub Sijhawm Nruab Nrab Nruab Nrab: Bullish
S&P 500 is on a bullish movement in the 4-hour chart outlook. Last two weeks, the price increased to the resistance level of $4087. It pulled back to retest the support level of $3937, the just mentioned level holds. There was a short period of consolidation at the $3937 level. Last week, the price increased again and the resistance level of $4087 was retested.
Tus nqi yog trading saum 9-periods EMA thiab 21-periods EMA raws li ib qho kev qhia ntawm bullish zog. Tus txheeb ze lub zog Performance index lub sij hawm 14 yog nyob rau ntawm 57 theem qhia ib tug bullish teeb liab.
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