#S&P 500 ANALYSIS
S&P 500 bounced with a decent volume after the breakout of the ascending triangle. RSI is in the overbought region.
Currently, it is rejecting the horizontal resistance. A correction is expected from here while a solid breakout of the horizontal resistance would be a strong bullish confirmation.
S&P 500 bounced with a decent volume after the breakout of the ascending triangle. RSI is in the overbought region.
Currently, it is rejecting the horizontal resistance. A correction is expected from here while a solid breakout of the horizontal resistance would be a strong bullish confirmation.
#S&P 500 ANALYSIS
The S&P 500 is currently trading within a horizontal support and resistance zone. The MA 50 is serving as a support level. Additionally, the Ichimoku cloud is suggesting a bullish trend.
RSI is currently situated in the neutral zone. It's important to closely monitor the market for a decisive breakout or breakdown of the support and resistance levels in order to obtain a clear confirmation of the market's direction.
The S&P 500 is currently trading within a horizontal support and resistance zone. The MA 50 is serving as a support level. Additionally, the Ichimoku cloud is suggesting a bullish trend.
RSI is currently situated in the neutral zone. It's important to closely monitor the market for a decisive breakout or breakdown of the support and resistance levels in order to obtain a clear confirmation of the market's direction.