S&P 500 Price: Buyers May Push Price Above $6099 and $6150 Zone

Bulls hold onto Cardano market

S&P 500 Price Analysis – 17 December

If the $6054 level holds, the S&P 500 can rise and split into the resistance levels of $6099, $6100, and $6150. The price may test the $6014 and $5877 levels if the $6054 support level is broken.

Key Levels:

Resistance levels: $6099, $6100, $6150

Support levels: $6054, $6014, $5877

S&P 500 Long-term trend: Bullish

The S&P 500 Index’s daily chart indicates an increasing trend. Since August 5, acquisitions have been the index’s main driver. On October 9, there was another effort to reach the $5877 milestone. More customers are anticipated after the concept is approved. The suppliers were able to temporarily halt additional price rises by keeping the already set price at the first amount mentioned. Long-lasting was the double-bottomed bullish reversal chart pattern that resulted. The S&P 500 jumps from the $6014 level to the $6099 resistance level.

If the $6054 level holds, the S&P 500 can rise and split into the resistance levels of $6099, $6100, and $6150. The price may test the $6014 and $5877 levels if the $6054 support level is broken. Both the Hull Suite crypto signals and the QQE MOD histogram indicate a buy. Perhaps everything will proceed as planned.

S&P 500 Medium-term Trend: Bullish

The 4-hour chart of the S&P 500 shows an inclination pattern. The price has been unable to break below the $5877 barrier level for the past two weeks due to the bulls’ ferocious activity. As the price has been rising, the bulls have stayed steady at the previously set level. Last week, the price surged back to $6099 due to an engulfing candle pattern. The price of Cardano is greater now than it was at its most recent peak of $6054.

The Hull Suite indication is less expensive than the S&P 500. When the QQE MOD indicator gets over zero, it indicates a strong purchase signal.

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