S&P 500 Price Surpasses $5265 Level, Targeting $5344 Mark
Login

S&P 500 Price Surpasses $5265 Level, Targeting $5344 Mark

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

Azeez Mustapha

Updated:

Bulls’ pressure Breaks up $5265 level

S&P 500 Price Analysis – 21 May

The bulls have clung to the previously set level as S&P 500 has increased. Last week, a bullish engulfing candle occurred, which caused the price to increase towards $5265 level. The $4968 pricing target was reached. Bulls and bears are currently at the previously indicated level.

Key Levels:

Resistance levels: $5344, $5353, $5358

Support levels: $5265, $5199, $5108

S&P 500 Long-term trend: Bullish

S&P 500 Index’s daily chart is trending higher. The S&P 500 index has been headed by buying since October of last year. On April 1, the resistance level of $5265 was attempted after earlier barrier levels were breached. By maintaining the predetermined prices, the sellers are averting additional price increases. After declining, the price reached $4968 and bounced. The price is currently increasing, surpassing its former high as purchasers gathered strength to hold the previously indicated level.

S&P 500 Price Surpasses 65 Level Targeting 44 Mark

If the $5265 level holds, the S&P 500 can rise and split into the resistance levels of $5344, $5353, and $5358. The price will be vulnerable to the $5199 and $5108 support levels if the $5265 support level breaks. Both the Hull Suite signal and the QQE MOD histogram point to a purchase. It might carry on in the right path. You can join best forex signals telegram.

S&P 500 Medium-term Trend: Bullish

The 4-hour chart of the S&P 500 shows trends that are inclined. The extreme aggressiveness of the bulls has caused the price to leap over the $5265 barrier level over the past two weeks. As the price has risen, the bulls have held fast to the previously established level. A bullish engulfing candle that happened last week sent the price upward toward the $5344 mark. The pricing goal of $5265 was attained. Both bulls and bears are presently at the level that was previously mentioned.

S&P 500 Price Surpasses 65 Level Targeting 44 Mark

The Hull Suite indicator is less expensive than the S&P 500. There is a buy signal when the QQE MOD indicator is higher than 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

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