S&P 500 Upside Run at the Risk of Pullback Beneath 3900 Level

Azeez Mustapha

Updated:

Unlock Daily Forex Signals

Select a Plan

£39

1 - month
Subscription

Select

£89

3 - month
Subscription

Select

£129

6 - month
Subscription

Select

£399

Lifetime
Subscription

Select

£50

Separate Swing Trading Group

Select

Or

Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored
Checkmark

Service for copy trading. Our Algo automatically opens and closes trades.

Checkmark

The L2T Algo provides highly profitable signals with minimal risk.

Checkmark

24/7 cryptocurrency trading. While you sleep, we trade.

Checkmark

10 minute setup with substantial advantages. The manual is provided with the purchase.

Checkmark

79% Success rate. Our outcomes will excite you.

Checkmark

Up to 70 trades per month. There are more than 5 pairs available.

Checkmark

Monthly subscriptions begin at £58.


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 sentiment turns cautious ahead of the key events.

Key Levels
Resistance Levels: 4000, 3950, 3900
Support Levels: 3840, 3800, 3735
S&P 500 Long term Trend: Ranging
S&P 500 has surged higher again in the prior day to hit 3902 high levels with eyes at the resumption of the core uptrend back to the 3963 high levels and then for new record highs. However, the index upside move stalls beneath the 3882 intraday high level in today’s session.

Given the strength of the past four days, a knee-jerk pullback should be allowed for, but dips will stay seen as corrective, and while the index maintains its bullish outlook and look for strength back to not only the 3963 high levels but beyond in due course.
S&P 500 Short term Trend: Ranging
On the 4-hour time frame, the resistance lies around the high of yesterday at the 3900 levels next and eventually the 3963 high level. The all-time high of 3963 levels could be the next target, and if this gets violated, resistance could then develop around the 4000 barriers.

Support is seen at 3840 levels initially, then 3800, with the lower end of the channel now ideally at 3735 levels holding to keep the immediate risk higher. A break can see a deeper pullback to 3691 levels, but with fresh buyers expected ahead of stated lows.

Note: Learn2.Trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Leave a Reply

Your email address will not be published. Required fields are marked *