Technical Analysis and Outlook:
During the recent weekly trading session, the S&P 500 reached the designated target of the Outer Index Dip at 5576, showing considerable volatility. On the last day of the trading session, the index experienced a significant rebound, leading to an impressive upward trajectory from that position. As a result, it is now aiming for the Inner Index Rally target set at 5712, with a potential subsequent target identified at the Mean Resistance level of 5840. Therefore, upon reaching the Inner Index Rally target 5712, or if there is a decline from its current price level, the index is expected to retest the completed Outer Index Dip at 5521, potentially reinstating the upward rally.
During the recent weekly trading session, the S&P 500 reached the designated target of the Outer Index Dip at 5576, showing considerable volatility. On the last day of the trading session, the index experienced a significant rebound, leading to an impressive upward trajectory from that position. As a result, it is now aiming for the Inner Index Rally target set at 5712, with a potential subsequent target identified at the Mean Resistance level of 5840. Therefore, upon reaching the Inner Index Rally target 5712, or if there is a decline from its current price level, the index is expected to retest the completed Outer Index Dip at 5521, potentially reinstating the upward rally.
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Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.