S&P 500 Price Is Targeting $4139 Resistance Level

Updated:

Checkmark

Invest at least $250 in D2T to gain lifetime access to our VIP Signals

Checkmark

Get early access to Dash 2 Trade’s Presale. Buy the D2T token now

Checkmark

Existing community of 70,000+ traders

Checkmark

Unlocks access to the leading crypto trading analysis, signals and trading tools

Checkmark

As featured in CryptoNews.com, FXEmpire.com, FXStreet.com and more

Checkmark

World class development team backed by Quant developers and VC investors


Bullish pressure increases in S&P 500 market

S&P 500 Price Analysis – 22 November

An increase in the momentum of the buyers may increase S&P 500 to a resistance level of $4139, and a further increase is envisaged towards $4330 and $4586 levels.  Below the price at the moment are support levels at $3886, $3651, and $3559.

Key levels:

Resistance levels: $4139, $4330, $4586

Support levels: $3886, $3651, $3559

S&P 500 Long-term trend: Bullish

S&P 500 is bullish on the daily chart. There was no significant movement in the S&P 500 market last week. When the price action formed a chart pattern called a long “W” on the daily chart in the S&P 500 market. The bullish trend was triggered and the resistance levels of $3651 and $3886 were broken upside. The price is currently exposed to the resistance level of $4139.

S&P 500 is trading above the 9-periods EMA and the 21-period EMA which indicates an increase in the buyers’ momentum. An increase in the momentum of the buyers may increase S&P 500 to a resistance level of $4139, and a further increase is envisaged towards the $4330 and $4586 levels.  Below the price at the moment are support levels at $3886, $3651, and $3559. The relative strength index period 14 is at 59 levels with the signal lines pointing up to indicate a buy signal.

S&P 500 Medium-term Trend: Bullish

On the 4-hour chart outlook, S&P 500 is on a bullish movement.  After the formation of the bullish chart pattern called Double bottom in the 4-hour time frame. The price bounced off the support level of $3559 level. It increases towards the north and it is currently targeting the resistance level of $4139.

The price is trading above the 9-periods EMA and 21-periods EMA as an indication of bullish movement. The relative strength index period 14 is at 57 levels displaying a bullish signal.

You can purchase Lucky Block here. Buy LBLOCK

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.