S&P 500 Price May Break Up $5054 Level

S&P 500 tests $5054 level

S&P 500 Price Analysis – 13 February

If the $4800 level is held, the S&P 500 might move swiftly into the resistance levels of $5000, $5066, and $5500. Both the QQE MOD histogram and the Hull Suite signal suggest a purchase. The total amount spent can be more than $4800

Key Levels:

Resistance levels: $5054 $5066, $5500

Support levels: $4966, $4800, $4797

S&P 500 Long-term trend: Bullish

The daily chart indicates 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 when a bullish engulfing candle appeared. The market values of the S&P 500 exceed $4597–$4797. It then begins to climb northward. The “W” chart’s pattern suggested a bullish reversal near the $4800 barrier level. On January 19, the price tested and broke above $4800 due to demand for purchasing.  The S&P 500 is currently pushing for all-time highs at the $5054 resistance level, where buyers held onto the recently established support level, according to best forex signals.

The S&P 500 may advance quickly into the resistance levels of $5054, $5066, and $5500 if the $4966 level is maintained. The Hull Suite signal and the QQE MOD histogram both point to a purchase. It is possible to spend more than $5054 in total

S&P 500 Medium-term Trend: Bullish

Positive signs can be seen on the S&P 500’s four-hour chart. The bulls’ strong momentum above the $4797 support level is driving the 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 raises the possibility that the $5056 price goal will be reached.

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.

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