S&P 500 Price: Bullish Trend May Continue After a Pullback

Bulls remain stable at their designated levels

S&P 500 Price Analysis – 25 November

The S&P 500 may hit the resistance levels of $6906, $6950, and $7020. This is based on the $6757 position staying steady. The price may test the $6589 and $6473 possibilities if it breaks through the $6757 support level.

Key Levels:

Resistance levels: $6906, $6950, $7020

Support levels: $6757, $6589, $6473

 

 S&P 500 Long-term trend: Bullish

The daily chart of the S&P 500 Index shows an upward trend. For over three months, bulls have dominated the market. Subtractions have been the indicator’s main driver since February 19. On September 6, a second attempt was made to attain the $6757 milestone; more visits were made and the request was granted this time. By keeping the fixed price at the first recommended position, the purchasers were able to momentarily stop further price declines, and the double-bottom bullish reversal map pattern held steady at $6155. From $6155 to the barrier level of $6906, the S&P 500 rose. Pricing is now struggling to get above the aforementioned barrier.

The resistance levels of $6906, $6950, and $7020 could be reached by the S&P 500. This is predicated on the $6757 position remaining stable. If the price breaks through the $6757 support level, it might test the $6589 and $6473 possibilities. Both the QQE MOD histogram and the Hull Suite cryptocurrency signals point to a purchase. Everything might proceed as planned.

S&P 500 Medium-term Trend: Bullish

The S&P 500’s 4-hour graph is trending upward. Because of the bulls’ strong support, the price hasn’t dropped below the $6473 hedge position for the first week. The bulls have remained stable at their designated levels while the price has been climbing. The price is currently rising rapidly toward $6906 due to an engulfing candle pattern. Since it rebounded from $6589, the value of the S&P 500 has been rising.
Compared to the S&P 500, the Hull Suite guideline is less costly. A strong purchasing signal is indicated when the QQE MOD index rises over zero.

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