S&P 500 Price May Break Up $4802 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.


Bulls are exerting more pressure on S&P 500

S&P 500 Price Analysis – 16 January

S&P 500 may advance quickly into the resistance levels of $4802, $4878, and $49600 if the $4674 level is maintained. The Hull Suite indicator and the QQE MOD histogram both point to a buy. Spending may surpass $4800 in total.

Key Levels:

Resistance levels: $4802, $4878, $49600

Support levels: $4674, $4599, $4493

S&P 500 Long-term trend: Bullish

Rising is the S&P 500 Index on daily chart. On October 27, sellers drove the price down to the $4095 support level. The bullish trend was initiated by the formation of a bullish engulfing candle. S&P market breaks through $4493 and $4599. It then climbs towards the north. The “W” chart’s pattern suggested a bullish reversal near the $4802 barrier level. Due to purchasing pressure, the price tested and broke above $4674 on December 13.  The purchasers held onto the newly formed support level, and the S&P 500 reached record highs before retreating when the price trend broke over $4674. It is currently approaching the $4802 threshold.

S&P 500 may advance quickly into the resistance levels of $4802, $4878, and $49600 if the $4674 level is maintained. The Hull Suite indicator and the QQE MOD histogram both point to a buy. Spending may surpass $4800 in total.

S&P 500 Medium-term Trend: Bullish

S&P 500’s four-hour chart exhibits positive signals. The bulls’ strong momentum above the $4599 support level is pushing the price above the $4674 resistance level. As the price has risen, the bulls have held fast to the previously established level. The bullish engulfing candle that occurred yesterday indicates that the current price objective of $4802 has been reached.

The Hull Suite indicator is less costly 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 LBLOC

  • 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 *