S&P 500 Price: Will There Be Breakup at $5262 Level

Buyers hold on to S&P 500 market

S&P 500 Price Analysis – 09 April

If the $5108 level holds, the S&P 500 might go fast into the resistance levels of $5262, $5276, and $5300. The QQE MOD histogram and the Hull Suite signal both indicate a purchase. It is feasible to exceed $5262 in total expenditure.

Key Levels:

Resistance levels: $5262, $5276, $5300

Support levels: $5108, $5054, $4966

S&P 500 Long-term trend: Bullish

The daily chart indicates an increase in the S&P 500 Index. On October 27, sellers drove the price down to the $4095 support level. The beginning of the bullish trend was indicated by a bullish engulfing candle. The market prices of the S&P 500 exceed the $4800–$4966 range. It then begins to climb northward. The “W” chart’s pattern suggested a bullish reversal near the $4800 barrier level. On February 7, the price approached and surpassed $4966, $5054, and $5108 due to the strong demand for the product.  Right now, buyers are trying to break past all-time highs of $5262 level.

If the $5108 level holds, the S&P 500 might go fast into the resistance levels of $5262, $5276, and $5300. The QQE MOD histogram and the Hull Suite forex signals both indicate a purchase. It is feasible to exceed $5262 in total expenditure.

S&P 500 Medium-term Trend: Bullish

The S&P 500’s 4-hour chart exhibits positive trends. The bulls’ strong momentum over the $5054 support level is driving price higher above the $5108 resistance level. As the price has risen, the bulls have held fast to the previously established level. A bullish engulfing candle from yesterday raises the probability of hitting the $5262 price target.

The Hull Suite indicator is less expensive than the S&P 500. A buy signal is shown by the QQE MOD indicator being above zero.

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