Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: S&P500 struggles to close above 200- day MA and upside capped by 23.6% fib, good to buy on dips

Major support - 2700

 

The index was consolidating in narrow range between 2708 and 2781 for past four trading session. S&P500 is struggling to close above 200- day MA and any daily close will confirm minor trend reversal. It is currently trading around 2766.

 

On the lower side major support is around 2700 (61.8% fib) and any break below targets 2674/2645/2600.

 

The near term major resistance is around 2766 (200- day MA) and any close above will take the index to next level till 2794 (23.6% fib)/2834 (89- day EMA).

 

It is good to buy on dips around 2735-40 with SL around 2700 for the TP of 2835. .

 

 

 

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

January 18 15:00 UTC Released

USYr Inf Prelim

Actual

2.6 %

Forecast

Previous

2.5 %

January 18 15:00 UTC Released

USU Mich 1Yr Inf Prelim

Actual

2.7 %

Forecast

Previous

2.7 %

January 31 00:00 UTC 508344508344m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 508344508344m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 520164520164m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 508344508344m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 520164520164m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 508344508344m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 508344508344m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 508344508344m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.