S&P 500 Price Tests a Potential Bullish Reversal Level

Service for copy trading. Our Algo automatically opens and closes trades.

The L2T Algo provides highly profitable signals with minimal risk.

24/7 cryptocurrency trading. While you sleep, we trade.

10 minute setup with substantial advantages. The manual is provided with the purchase.

79% Success rate. Our outcomes will excite you.

Up to 70 trades per month. There are more than 5 pairs available.

Monthly subscriptions begin at £58.

L2T Algo

TELEGRAM

RESULTS

S&P 500 Price Analysis – September 27

The bears gained more pressure and the price declines further, testing the support level of $3651. S&P 500 is making an attempt to penetrate the just mentioned level downside. In case the support level of $3651 is defended by the bulls, price may face resistance levels at $3886, $4139 and $4330.

Key levels:

Resistance levels: $3886, $4139, $4330

Support levels: $3651, $3484, $3348

S&P 500 Long-term trend: Bearish

S&P 500 is bearish on the daily chart. When the buyers’ momentum became weak at the level of $4139. The price pulled back. The sellers’ pressure increases and price commences a bearish trend in which the former support level of $3886 has turned to a resistance level. The bears gained more pressure and the price declines further testing the support level of $3651. S&P 500 is making an attempt to penetrate the just mentioned level downside.

S&P 500 is trading below the 9 periods EMA and the 21 periods EMA at distance which connote an increase in the bears’ pressure. The relative strength index period 14 is at 31 levels with the signal lines pointing up to indicate buy signal which may be a pullback. In case the support level of $3651 is defended by the bulls, price may face resistance levels at $3886, $4139 and $4330.

S&P 500 Medium-term Trend: Bearish

S&P 500 is on the bearish movement on the 4-hour chart outlook. The formation of bearish engulfing candles at $4139 level made a sharp price reversal, when the bulls’ pressure failed at the resistance level of $4139. The price could not break up the mentioned resistance levels. S&P 500 falls and it is testing support level at $3651 at the moment.

The price is trading below the 9 periods EMA and 21 periods EMA as an indication of bearish movement. The relative strength index period 14 is at 41 levels displaying bullish signal.

You can purchase crypto coins here: Buy LBLOCK