TECHNICAL ANALYSIS OUTLOOK - INDEX $SPX
Sun 24.Feb.2019
Ticker:
SPX
LAST= 2,792.67
S&P 500 INDEX movement during the last few days showed a Bullish move, with a recent high price seen on Fri 22.Feb.2019 at 2,794.20.
During the next few days the price is expected to go up to 2,820.00
The outlook is expected to continue to be UP as long as the price is above 2,775.00.And, its recommended to ' BE LONG ' for a targeted price of around 2,850.00 Taking in consideration the resistance levels.
On the other hand, a change in the direction of the wave needs to be considered when the price trades below the level 2,750.00
Res_2 = 2,830.00
Res_1 = 2,810.00
Sup_1 = 2,780.00
Sup_2 = 2,755.00
Ticker:
SPXLAST= 2,792.67
S&P 500 INDEX movement during the last few days showed a Bullish move, with a recent high price seen on Fri 22.Feb.2019 at 2,794.20.
During the next few days the price is expected to go up to 2,820.00
The outlook is expected to continue to be UP as long as the price is above 2,775.00.And, its recommended to ' BE LONG ' for a targeted price of around 2,850.00 Taking in consideration the resistance levels.
On the other hand, a change in the direction of the wave needs to be considered when the price trades below the level 2,750.00
Res_2 = 2,830.00
Res_1 = 2,810.00
Sup_1 = 2,780.00
Sup_2 = 2,755.00
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