S&P 500 DAILY Analysis 4/6/23
For Thursday, the 4099.25 - 4103.50 area can absorb selling through April, above which 4273.75 - 4270.50 long-term resistance remains a 2 - 3 week objective able to contain buying through Q3.
Upside Thursday, 4193.25 can contain session strength, while closing above 4193.25 indicates the targeted 4273.75 - 4270.50 region within 3 - 5 days, where the broader market can top out through Q3.
Downside Thursday, breaking/opening below 4099.25 signals 4073.75 intraday, while closing today below 4099.25 indicates 4035.25 within 2 - 3 days, where the market can bottom out through next week and the area to settle below for signaling another test of 3845.50 - 3874.50 long-term support within 2 - 3 weeks.
Upside Thursday, 4193.25 can contain session strength, while closing above 4193.25 indicates the targeted 4273.75 - 4270.50 region within 3 - 5 days, where the broader market can top out through Q3.
Downside Thursday, breaking/opening below 4099.25 signals 4073.75 intraday, while closing today below 4099.25 indicates 4035.25 within 2 - 3 days, where the market can bottom out through next week and the area to settle below for signaling another test of 3845.50 - 3874.50 long-term support within 2 - 3 weeks.
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