S&P 500 Price:  Sellers Are Opposing Buyers at $0.5758 Level
Login

S&P 500 Price:  Sellers Are Opposing Buyers at $0.5758 Level

Estimated Reading Time: 2 minutes
Article Rating:
Based on 1 vote
Login to rate this article.

Azeez Mustapha

Updated:

Bulls are struggling to break up $5758 level

S&P 500 Price Analysis – 08 October

If the $5669 level holds, the S&P 500 can rise and split into the resistance levels of $5758, $5826, and $5900. S&P 500 may test the $5579 and $5502 support levels if the $5669 support level is broken.

Key Levels:

Resistance levels: $5758, $5826, $5900

Support levels: $5669, $5579, $5502

S&P 500 Long-term trend: Bullish

The S&P 500 Index’s daily chart indicates an upward trend. Since August 5, acquisitions have been the index’s main catalyst. On August 13, there was one more try to go over the $5500 mark. More people opposed the proposal after it was approved. By sticking to the previously set pricing at the previously mentioned level, the vendors were able to prevent additional price rises. It was not possible to sustain the ensuing double-topped bearish reversal chart pattern. The S&P 500 is now trading at the $5758 mark, higher than it was a short while ago.

S&P 500 Price:  Sellers Are Opposing Buyers at <img fetchpriority=.5758 Level" width="580" height="259" data-lazy-src="https://learn2.trade/wp-content/uploads/2024/10/Daily-18-1024x458.png"/>

If the $5669 level holds, the S&P 500 can rise and split into the resistance levels of $5758, $5826, and $5900. The price may test the $5579 and $5502 support levels if the $5669 support level is broken. Both the Hull Suite crypto signals and the QQE MOD histogram suggest a buy. Maybe it will keep going in the right direction.

S&P 500 Medium-term Trend: Bullish

The 4-hour chart of the S&P 500 shows an inclination pattern. The strong activity of the bulls over the past two weeks prevented the price from breaking below the $5414 barrier level. As the price has been rising, the bulls have held onto the previously established level. Last week, the price bounced off $5758 due to an engulfing double top chart pattern. Bulls are presently trading higher than the $5758, the previous high.

S&P 500 Price:  Sellers Are Opposing Buyers at <img decoding=.5758 Level" width="580" height="259" data-lazy-src="https://learn2.trade/wp-content/uploads/2024/10/4-hours-20-1024x458.png"/> The Hull Suite indicator is less expensive than the S&P 500. The QQE MOD indicator climbing over zero indicates a strong purchase signal.

Start using a world-class auto trading solution

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

Learn to Trade

Never Miss A Trade Again

step 1
Signal Notification

Real-time signal notifications whenever a signal is opened, closes or Updated

step 2
Get Alerts

Immediate alerts to your email and mobile phone.

step 3
Entry Price Levels

Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.

Share with other traders!

telegram
Telegram
forex
Forex
crypto
Crypto
algo
Algo
news
News