S&P 500 Price Is Targeting $5000 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’ momentum increases further

S&P 500 Price Analysis – 30 January

S&P 500 may go quickly into the resistance levels of $5000, $5066, and $5500 if the $4800 level is maintained. The Hull Suite indication and the QQE MOD histogram both point to a purchase. The entire amount spent may exceed $4875.

Key Levels:

Resistance levels: $5000 $5066, $5500

Support levels: $4800, $4797, $4599

 

S&P 500 Long-term trend: Bullish

The daily chart shows an increase in the S&P 500 Index. On October 27, sellers drove the price down to the $4095 support level. The bullish trend began with the formation of a bullish engulfing candle. S&P 500 market values exceed $4797 and $4599. It then begins to climb northward. The “W” chart’s pattern suggested a bullish reversal near the $4802 barrier level. On January 19, the price tested and broke above $4800 due to purchasing demand.  The S&P 500 is targeting all-time highs at the $5000 resistance level as the buyers held onto the freshly formed support level.

S&P 500 Price Is Targeting $5000 Resistance Level

S&P 500 may go quickly into the resistance levels of $5000, $5066, and $5500 if the $4800 level is maintained. The Hull Suite indication and the QQE MOD histogram both point to a purchase. The entire amount spent may exceed $4875.

S&P 500 Medium-term Trend: Bullish

Positive signals can be seen on the S&P 500’s four-hour chart. The bulls’ strong momentum above the $4797 support level is driving price higher above the $4800 resistance level. As the price has risen, the bulls have held fast to the previously established level. The bullish engulfing candle from yesterday indicates that the $5000 price goal may be reached.

S&P 500 Price Is Targeting $5000 Resistance Level

The Hull Suite indicator is less expensive than the S&P 500. A buy signal is shown by the QQE MOD indicator being above zero.

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 *