S&P 500 Price Is Targeting $4276 Resistance Level

Azeez Mustapha

Updated:

Unlock Daily Forex Signals

Select a Plan

£39

1 - month
Subscription

Select

£89

3 - month
Subscription

Select

£129

6 - month
Subscription

Select

£399

Lifetime
Subscription

Select

£50

Separate Swing Trading Group

Select

Or

Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored
Checkmark

Service for copy trading. Our Algo automatically opens and closes trades.

Checkmark

The L2T Algo provides highly profitable signals with minimal risk.

Checkmark

24/7 cryptocurrency trading. While you sleep, we trade.

Checkmark

10 minute setup with substantial advantages. The manual is provided with the purchase.

Checkmark

79% Success rate. Our outcomes will excite you.

Checkmark

Up to 70 trades per month. There are more than 5 pairs available.

Checkmark

Monthly subscriptions begin at £58.


S&P 500 price may surpass the $4276 level

S&P 500 Price Analysis – 30 May

The S&P 500 may break above the $4180 resistance level, and further buying could drive the price up to the $4276 and $4364 levels. The price may revert and fall in the direction of the support levels of $4180, $4087, and $3927 if the $4276 resistance level is held

Key Levels:

Resistance levels: $4276, $4364, $4476

Support levels: $4180, $4087, $3927

S&P 500 Long-term trend: Bullish

S&P 500 is moving in a bullish direction on the daily chart. On March 9, the support level of $3927 was shattered. Due to little to no selling pressure, it was unable to reach the $3740 support level. It complied with the client’s request to apply more pressure to pricing. S&P 500 rose from March 16 until it hit its apex of $4180. Beyond the dynamic resistance level, the price rises. As a result of strong purchasing pressure, the $4180 mark was crossed, and $4276 is the goal now.

As buying pressure picks up, the S&P 500 may break above the $4180 resistance level, and further buying could drive the price up to the $4276 and $4364 levels. The price may revert and fall in the direction of the support levels of $4180, $4087, and $3927 if the $4276 resistance level is held. The relative strength index period 14 is at 61 and the signal line pointing upward represents a purchase signal.

S&P 500 Medium-term Trend: Bullish

On the 4-hour chart, the S&P 500 is in the bullish direction. The buyers avoided a significant decrease in the price of the S&P 500 by maintaining the $3927 barrier level. When the price crossed the $4087 support level, buying pressure caused the price to incline. The $4180 resistance level was where the price was moving. A barrier level of $4180 was crossed when buyers’ pressure increased. It is currently exposed to a $4276 level.

The S&P 500 price is currently trading above both the 9- and 21-period exponential moving averages. On the Relative Strength Index period 14, at level 59, a bullish signal is discernible.

You can purchase Lucky Block here.  Buy LBLOCK

 

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • 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.

Leave a Reply

Your email address will not be published. Required fields are marked *