S&P 500: Technical Insights and Trend ForecastS&P 500 Technical Analysis
The price has dropped from its previous significant high and has already broken the key level at 6058. It is currently attempting to reclaim this level.
As long as trades below 6058 will touch 6022.
Bullish Scenario, A 4-hour candle close above 6058 will signal a potential reversal, targeting higher resistance levels.
Key Levels:
Pivot Point: 6058
Resistance Levels: 6073, 6099, 6145
Support Levels: 6022, 5971, 5932
Trend Outlook: The trend remains downward while the price is below 6058.
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