S&P 500 Price Breaks Up $2099 Level, What Else?

S&P 500 Price may continue a bullish trend

S&P 500 Price Analysis – 28 January

If the $6021 position holds, the S&P 500 can increase and resolve into the resistance levels of $6099, $7035, and $7060. If the price breaks the $6021 support level, it might challenge the $5877 and $5758 scenarios.

Key Levels:

Resistance levels: $6099, $7035, $7060

Support levels: $6021, $5877, $5758

S&P 500 Long-term trend: Bullish

The daily chart of the S&P 500 Index shows a positive trend. Accessions have been the primary driver of the indicator since August 5. Another effort to hit the $6099 threshold was made on December 6; more visitors are expected once the proposal is approved. The performing double-top bearish reversal map pattern held up over time, and the suppliers were able to temporarily stop further price increases by maintaining the fixed price at the first place specified. From the $6099 position, the S&P 500 leaps towards the $7035 resistance position.

If the $6021 position holds, the S&P 500 can increase and resolve into the resistance levels of $6099, $7035, and $7060. If the price breaks the $6021 support level, it might challenge the $5877 and $5758 scenarios. The QQE MOD histogram and the Hull Suite crypto signals both point to a buy. Perhaps everything will go according to plan.

S&P 500 Medium-term Trend: Bullish

The S&P 500’s 4-hour map displays an upward trend. Because of the bulls’ fierce resistance, the price has been unable to breach below the $6021 hedge position for the first week. The bulls have remained stable at the designated position as the price has been climbing. The price increased to $6099 last week due to an engulfing candle pattern. Its price has been rising since the S&P 500’s most recent low of $6021.

The S&P 500 is more costly than the Hull Suite recommendation. There is a strong purchase signal when the QQE MOD index rises over zero.

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