S&P 500 Technical Outlook: Key Levels and Trend Reversal SignalsS&P 500 Technical Analysis
The price exhibits bearish momentum as long as it trades below 5945, with potential downside targets at 5927, 5896, and 5863.
For a bullish reversal, the price must break the current price by closing a 4-hour candle above 5945. If this occurs, the bullish trend could extend towards 5970.
Key Levels:
Pivot Point: 5945
Resistance Levels: 5970, 5989, 6020
Support Levels: 5898,5863, 5843
Trend Outlook:
- Bullish Above 5945
- Bearish Below 5945