S&P 500 Price Can Test $5758 and $5667 levels

Further increase in S&P price envisaged

S&P 500 Price Analysis – 26 November

The S&P 500 may increase and divide into the resistance levels of $6014, $6054, and $6095 if the $5877 level holds. If the $5877 support level is breached, the price can test the $5758 and $5667 levels.

Key Levels:

Resistance levels: $6014, $6054, $6095

Support levels: $5877, $5758, $5667

S&P 500 Long-term trend: Bullish

The daily chart of the S&P 500 Index shows an upward trend. Acquisitions have been the index’s primary driver since August 5. Another attempt to hit the $5758 milestone was made on October 9. After the idea was approved, more people opposed it. The suppliers managed to keep their prices from going up further for the time being. By maintaining the previously established pricing at the sum that was originally specified. The resulting double-bottomed bullish reversal chart pattern persisted for a long time. The S&P 500 is now trading higher at $6014 level.

The S&P 500 may increase and split into the resistance levels of $6014, $6054, and $6095 if the $5877 level holds. If the $5877 support level is breached, the price can test the $5758 and $5667 levels. The QQE MOD histogram and the Hull Suite crypto signals both point to a purchase. It might proceed according to plan.

S&P 500 Medium-term Trend: Bullish

The S&P 500 4-hour chart displays an inclination pattern. Over the last two weeks, the bulls’ intense activity prevented the price from breaking below the $5667 barrier level. The bears have remained stable at the previously set level as the price has been climbing. An engulfing candle pattern caused the price to rise back to $5877 last week. Cardano is currently trading above the previous high of $5877.

Compared to the S&P 500, the Hull Suite indicator is more expensive. A strong buy signal is indicated when the QQE MOD indicator rises over zero.

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