Strength in SP500 is likely to continue. We see a less chances of an immediate fall on the instrument for short-term technical outlook. Next upside barriers follow (1320.2) at (1333.3) and (1338.3).
We can say that additional bullish movements could be seen during current session, particularly if it succeeded to stabilize above (1305.9) zones. A proper confirmation would occur if the SP500 will manage to overcome the (1328.4) resistance.
We can say that additional bullish movements could be seen during current session, particularly if it succeeded to stabilize above (1302.4) zones. A proper confirmation would occur if the SP500 will manage to overcome the (1323.3) resistance.
We can say that additional bullish movements could be seen during current session, particularly if it succeeded to stabilize above (1284.4) zones. A proper confirmation would occur if the SP500 will manage to overcome the (1301.7) resistance.
SP500 general trend is to the upside. Break below (1284.2) may trigger further fall of the SP500. Going above nearest support level at (1306.0), however, would confirm continuation of the bullish trend, towards next objective upwards (1321.1).
SP500 general trend is to the upside. Break below (1273.1) may trigger further fall of the SP500. Going above nearest support level at (1303.8), however, would confirm continuation of the bullish trend, towards next objective upwards (1318.6).
SP500 general trend is to the upside. Break below (1263.5) may trigger further fall of the SP500. Going above nearest support level at (1292.8), however, would confirm continuation of the bullish trend, towards next objective upwards (1310.7).
We see high chances of the pair move up gradually towards (1293.4 – 1305.2). A proper confirmation would occur if the SP500 will manage to overcome the (1281.6) resistance over today`s trading session.
We believe that possible bullishness could be seen during this trading session. Support is at (1255.5). Break below that area could lead us to neutral zone as direction would become unclear, but as long as price moves above that level the major scenario remains bullish.
We can say that additional bullish movements could be seen during current session, particularly if it succeeded to stabilize above (1227.9) zones. A proper confirmation would occur if the SP500 will manage to overcome the (1266.1) resistance.
