S&P 500 Price: Will There Be a Breakout at $6429 Line?

Bulls hold unto S7P 500 market

S&P 500 Price Analysis – 12 August

The resistance levels of $6429, $6460, and $6500 could be touched by the S&P 500. This is predicated on the $6300 position remaining stable. If the price breaks through the $6300 support level, it might test the $6232 and $6151 possibilities.

Key Levels:

Resistance levels: $6429, $6460, $6500

Support levels: $6300, $6232, $6151

S&P 500 Long-term trend: Bullish

The daily chart of the S&P 500 Index shows an upward trend. For over two weeks, bulls have controlled the market. Subtractions have been the main driver of the indicator since February 19. On February 18, another attempt was made to reach the $6300 milestone; additional visits are expected if the request is granted. By keeping the fixed price at the first recommended position, the purchasers were able to temporarily stop further price declines, and the double-bottom bullish reversal map pattern held steady at $6232. The S&P 500 rose to the $6300 barrier level from $6121. Right now, the price is rising and approaching $6429.

The resistance levels of $6429, $6460, and $6500 could be touched by the S&P 500. This is predicated on the $6300 position remaining stable. If the price breaks through the $6300 support level, it might test the $6232 and $6151 possibilities. The QQE MOD histogram and the Hull Suite crypto signals both suggest a buy. It may all go according to plan.

S&P 500 Medium-term Trend: Bullish

The S&P 500’s 4-hour graphic displays an upward trend. Because of the strong support from the bulls, the price has not dropped below the $6232 hedge position for the first week. The bulls have remained stable at their designated levels as the price has been climbing. The price is rapidly rising toward $6429 due to an engulfing candle pattern. Since it bounced back from $6232, the value of the S&P 500 has been rising.

The S&P 500 is more costly than the Hull Suite guideline. A strong purchasing signal is indicated when the QQE MOD index rises over zero.

Start using a world-class auto trading solution

 You can purchase Lucky Block here.  Buy LBLOCK