S&P 500 Daily Chart Analysis For Week of Nov 22, 2024
Technical Analysis and Outlook:
In this week's trading session, the S&P 500 index has exhibited notable stability at the previously completed Mean Support level of 5856. Following this stabilization, the index is progressing toward a retest of the completed Outer Index Rally level of 6000 and the Key Resistance threshold of 6008. This substantial upward movement may/will precipitate a decline toward the Mean Support level 5920. However, it is crucial to recognize that reaching this support level or any pullback will facilitate a price rebound, thereby positioning the market for the subsequent phase of the bullish trend. This trend will be aimed at the Next #1 Outer Index Rally target of 6123 and potentially extend beyond that level in the near future.
In this week's trading session, the S&P 500 index has exhibited notable stability at the previously completed Mean Support level of 5856. Following this stabilization, the index is progressing toward a retest of the completed Outer Index Rally level of 6000 and the Key Resistance threshold of 6008. This substantial upward movement may/will precipitate a decline toward the Mean Support level 5920. However, it is crucial to recognize that reaching this support level or any pullback will facilitate a price rebound, thereby positioning the market for the subsequent phase of the bullish trend. This trend will be aimed at the Next #1 Outer Index Rally target of 6123 and potentially extend beyond that level in the near future.
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.