S&P 500 DAILY Analysis 3/29/23
For Wednesday, 3905.75 can contain selling through the balance of the week, above which 4117.00 longer-term resistance is likely by the end of next week.
Upside today, 4046.50 can contain session strength, while closing above 4046.50 signals 4117.00 within 1 - 2 days, able to contain buying into later April and a meaningful upside continuation point over the same time horizon.
Downside Wednesday, closing below 3905.75 indicates 3843.00 - 3856.00 within 2 - 3 days, able to contain selling through April activity, and above which 4117.00 remains a 2 - 3 week objective.
Upside today, 4046.50 can contain session strength, while closing above 4046.50 signals 4117.00 within 1 - 2 days, able to contain buying into later April and a meaningful upside continuation point over the same time horizon.
Downside Wednesday, closing below 3905.75 indicates 3843.00 - 3856.00 within 2 - 3 days, able to contain selling through April activity, and above which 4117.00 remains a 2 - 3 week objective.
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