S&P500: An end of the rally or going back to the race?
The S&P500 has been flattering, it has been two days, after a swift rally that propelled it to around 2079.84. The benchmark found support, today, around 2058.87, which limited the losses, leading the benchmark to close in a small long legged doji.
The breakout of 2058.84, with a bearish gap at the opening, will send the benchmark south to 2048.39.
The breakout of 2070.37 will trigger a bullish market and send the benchmark to 2079.84, with 2074.6 as a primary objective.
The daily Pivot Point is around 2065.03. The daily support levels are around 2059.69 and 2053.5. The daily resistance levels are around 2071.22 and 2076.56.
The breakout of 2058.84, with a bearish gap at the opening, will send the benchmark south to 2048.39.
The breakout of 2070.37 will trigger a bullish market and send the benchmark to 2079.84, with 2074.6 as a primary objective.
The daily Pivot Point is around 2065.03. The daily support levels are around 2059.69 and 2053.5. The daily resistance levels are around 2071.22 and 2076.56.
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