S&P 500 Price Is Targeting $4631 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.


Buyers’ pressure is increasing in S&P 500 market

S&P 500 Price Analysis – 25 July

S&P 500 may surpass the $4631 resistance level, and further buying could drive the price as high as $4723 and $4813. The price may revert and fall in the direction of the support levels of $4476, $4364, and $4276 if the $4631 level is retained

Key Levels:

Resistance levels: $4631, $4723, $4813

Support levels: $4476, $4364, $4276

S&P 500 Long-term trend: Bullish

On the daily chart, the S&P 500 is moving in the bullish direction. The support level of $3927 was broken on March 9. It was unable to reach the $3740 support level since there was little to no selling pressure. On March 16, bullish pressure increases until it reaches a peak at $4476. The price increases past the dynamic resistance level. It attempted to break through the $4476 level before because of intense buying pressure, and it is now aiming for the $4631 resistance level.

As buying pressure increases, the S&P 500 may surpass the $4631 resistance level, and further buying could drive the price as high as $4723 and $4813. S&P 500 may revert and fall in the direction of the support levels of $4476, $4364, and $4276 if the $4631 level is retained. The relative strength index period 14 being at 74 and the signal line pointing higher indicate a buy signal.

S&P 500 Medium-term Trend: Bullish

On the 4-hour chart, the S&P 500 is trending upward. By maintaining the $3927 barrier level, the purchasers were able to stop the price of the S&P 500 from falling much. The price began to soar as soon as it over the $4087 barrier level as consumer demand increased. The psychological ceiling of $4631 was in sight as the price increased. When the buying pressure grew, the $4476 threshold level was crossed. It is currently targeting $4631 level.

The price of the S&P 500 is currently above the 9-period and 21-period exponential moving averages. The Relative Strength Index period 14 at level 66 displays a bullish signal.

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 *