S&P 500 Daily Chart Analysis For Week of Sep 27, 2024
Technical Analysis and Outlook:
The S&P 500 Index has recently exhibited a classic gap-fill pattern, reaching 5739 with an adjusted Index Rally to 5763 during the current week's trading sessions. However, there is a strong likelihood of a retracement to the newly established Mean Support at 5700 in the upcoming week. This potential retracement could lead to a further descent to the subsequent Mean Support level at 5620, potentially disrupting the current trajectory. Conversely, a substantial rebound to the Outer Index Rally at 5840 may intercept an anticipated downward trend, nullifying the projected decline.
The S&P 500 Index has recently exhibited a classic gap-fill pattern, reaching 5739 with an adjusted Index Rally to 5763 during the current week's trading sessions. However, there is a strong likelihood of a retracement to the newly established Mean Support at 5700 in the upcoming week. This potential retracement could lead to a further descent to the subsequent Mean Support level at 5620, potentially disrupting the current trajectory. Conversely, a substantial rebound to the Outer Index Rally at 5840 may intercept an anticipated downward trend, nullifying the projected decline.
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Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.