S&P 500 Price May Split into $6100 and $6150 Levels

Further increase envisaged in Cardano market

S&P 500 Price Analysis – 10 December

The S&P 500 may increase and split into the resistance levels of $6099, $6100, and $6150 if the $6054 level holds. If the $6054 support level is breached, the price can test the $6014 and $5877 levels.

Key Levels:

Resistance levels: $6099, $6100, $6150

Support levels: $6054, $6014, $5877

S&P 500 Long-term trend: Bullish

The daily chart of the S&P 500 Index shows an upward trend. Acquisitions have been the index’s primary driver since August 5. Another attempt to hit the $5877 milestone was made on October 9. Once the idea was accepted, more buyers are expected. By maintaining the already established price at the first amount indicated, the suppliers were able to temporarily stop further price increases. The resulting double-bottomed bullish reversal chart pattern was long-lasting. The S&P 500 surges to the $6099 resistance level from the $6014 level.

The S&P 500 may increase and split into the resistance levels of $6099, $6100, and $6150 if the $6054 level holds. If the $6054 support level is breached, the price can test the $6014 and $5877 levels. The QQE MOD histogram and the Hull Suite crypto signals both point to buy. Maybe everything will go according to plan.

 

S&P 500 Medium-term Trend: Bullish

The S&P 500’s 4-hour chart displays an inclination pattern. Because of the bulls’ intense activity, the price has not been able to break below the $5877 barrier level for the last two weeks. The bulls have remained stable at the previously established level as the price has been climbing. An engulfing candle pattern caused the price to spike back to $6099 last week. Cardano is currently trading higher than it was at its last peak of $6054.

The S&P 500 is more expensive than the Hull Suite indicator. A strong buy signal is indicated when the QQE MOD indicator rises over zero.

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