S&P 500 Daily Chart Analysis For Week of Feb 14, 2025
Technical Analysis and Outlook:
During the recent weekly trading session, the S&P 500 effectively reached and tested the critical Key Resistance level at 6083. It retested the completed Outer Index Rally at 6120, indicating a potential continuation of the bullish trend toward the intermediate target of 6233. However, a market pullback is anticipated due to this price action. Current analyses suggest that the designated downward target is set at the Mean Support level of 6049, with potential extensions to 5995, 5936, and the Outer Index Dip at 5878.
During the recent weekly trading session, the S&P 500 effectively reached and tested the critical Key Resistance level at 6083. It retested the completed Outer Index Rally at 6120, indicating a potential continuation of the bullish trend toward the intermediate target of 6233. However, a market pullback is anticipated due to this price action. Current analyses suggest that the designated downward target is set at the Mean Support level of 6049, with potential extensions to 5995, 5936, and the Outer Index Dip at 5878.
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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.