S&P 500 INDEX 1D CBOE GANN ANALYSIS 20 OCT 2024 21:29 IST

20 oct

Last update on S&P 500 Index we observed the important level of 5760 on it. We got a swift correction to the downside for 100 odd points. Market protected the important trend decider level of 5655 hit earlier on 12 July 2024. Nearly same levels were hit around twice in late August 2024. July 2024 High corrected nicely around 5200 odd levels. Sept 2024 correction was a shallow one arounf 5400 odd levels. High of 26 Sept 2024 around 5760 was critical. Ensuing correction was very short on Price and Time basis. Rally continued above it. Date to watch is 24 Oct 24 nice rhyming date. Price to watch is 5892.50. Above this level 6011 and 6130 are very important levels. Time wise 04 Nov 2024 is next critical date.
Happy Trading !!!