S&P 500 Price Bounces Off $6146 Point

Bears defend $6145 barrier point

S&P 500 Price Analysis – 25 February

If the $5877 position holds, the S&P 500 may climb and go into the resistance levels of $6022, $6146, and $7,060. If the price breaks through the $5877 support level, it might test the $5758 and $5657 possibilities.

Key Levels:

Resistance levels: $6022, $6146, $7060

Support levels: $5877, $5758, $5657

S&P 500 Long-term trend: Bearish

The daily chart of the S&P 500 Index shows an upward trend for more than two months. Additions have been the primary driver of the indicator since August 5. Another attempt to attain the $6118 milestone was made on December 6; additional visitors are expected if the request is granted. The performance double-top bearish reversal map pattern held up throughout time, and the suppliers were able to temporarily stop further price increases by maintaining the fixed price at the first site specified. The S&P 500 leaps from the $6009 position to the $6118 barrier level. The price is currently decreasing towards $5877 level.

If the $5877 position holds, the S&P 500 may climb and go into the resistance levels of $6022, $6146, and $7,060. If the price breaks through the $5877 support level, it might test the $5758 and $5657 possibilities. The QQE MOD histogram and the Hull Suite crypto signals both point to a sell. Everything may go according to plan.

S&P 500 Medium-term Trend: Bearish

The S&P 500’s 4-hour graphic displays a downward trend. The bears’ strong resistance has prevented the price from breaking above the $6146 hedge position for the first week. The bears have remained stable at their designated locations as the price has been decline. At the moment, the price decreased towards $5875 due to an engulfing candle pattern. The price of the S&P 500 has been decreasing since its most recent high of $6146.

The S&P 500 is less expensive than the Hull Suite advice. A strong selling signal is indicated when the QQE MOD index falls below zero.

Start using a world-class auto trading solution

 You can purchase Lucky Block here.  Buy LBLOCK