S&P 500 Price: Bull Are Determine to Break Up $5666 Level

Buyers are returning in to S&P 500 market

S&P 500 Price Analysis – 17 September

The S&P 500 may increase and split into the resistance levels of $5666, $5700, and $5750 if the $5580 level holds. In the event that the $5580 support level is broken, the price can test the $5500 and $5414 support levels.

Key Levels:

Resistance levels: $5666, $5700, $5750

Support levels: $5580, $5500, $5414

S&P 500 Long-term trend: Bullish

The daily chart of the S&P 500 Index shows an inclining trend. Acquisitions have been the index’s primary driver since August 5. Another attempt was made on August 13 to surpass the $5500 barrier. The project was accepted, and the price rose to $5666, the level of resistance. The sellers prevented additional price increases by sticking to the already agreed upon pricing at the just-mentioned level. The double top bearish reversal chart pattern was created. As of right now, the S&P 500 is trading towards previous high at $5666 level.

The S&P 500 may increase and split into the resistance levels of $5666, $5700, and $5750 if the $5580 level holds. In the event that the $5580 support level is broken, the price can test the $5500 and $5414 support levels. The QQE MOD histogram and the Hull Suite crypto signals both point to a buy. Perhaps it will continue on the correct path.

S&P 500 Medium-term Trend: Bullish

The S&P 500 4-hour chart displays patterns of incline. The price was unable to break below the $5414 barrier level due to the bulls’ intense activity throughout the previous two weeks. The bulls have clung to the previously set level while the price has been climbing. Because of an engulfing double top chart pattern, the price bounced off $5126 last week. Bulls are currently trading above $5580.

Compared to the S&P 500, the Hull Suite indication is less expensive. Indicating a clear buy signal is the QQE MOD indicator rising above zero.

Start using a world-class auto trading solution

You can purchase Lucky Block here.  Buy LBLOCK