S&P 500 DAILY Analysis 4/4/23
For Tuesday, the 4099.25 - 4108.00 area can absorb selling through April, above which 4273.75 - 4284.50 long-term resistance remains a 2 - 3 week objective able to contain buying through Q3.
Upside Tuesday, 4171.50 can contain intraday strength, beyond which 4208.50 is attainable intraday and likely to contain session strength.
A settlement today of 4208.50 should yield the targeted 4273.75 - 4284.50 region within 3 - 5 days, where the broader market can top out through Q3.
Downside Tuesday, breaking/opening below 4099.25 signals 4065.75 intraday, while closing today below 4099.25 indicates 3999.75 - 4007.25 within 3 - 5 days, where the market can place a weekly low, and the area to settle below for signaling another test of 3845.50 - 3868.50 long-term support within 2 - 3 weeks.
Upside Tuesday, 4171.50 can contain intraday strength, beyond which 4208.50 is attainable intraday and likely to contain session strength.
A settlement today of 4208.50 should yield the targeted 4273.75 - 4284.50 region within 3 - 5 days, where the broader market can top out through Q3.
Downside Tuesday, breaking/opening below 4099.25 signals 4065.75 intraday, while closing today below 4099.25 indicates 3999.75 - 4007.25 within 3 - 5 days, where the market can place a weekly low, and the area to settle below for signaling another test of 3845.50 - 3868.50 long-term support within 2 - 3 weeks.
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