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FxWirePro: S&P500 Daily Outlook

 

Major Resistance - 2623 (55- day EMA)

 

S&P500 has halted its upside movement after 8 days of continuous buying. The index jumped nearly 200 points for the low of 2437. The index hits high of 2623 and is currently trading around 2604.6.

 

Short term trend is bullish as long as support 2515 (20- day MA). Any break below 2515 confirms minor weakness and a dip till 2465/2437/2397. Any further bearish continuation only below 2330.The minor support is 2580.

 

On the higher side near term resistance is around 2625 and any daily close above targets 2678/2725.

 

It is good to buy on dips around 2580 with SL around 2580 for the TP of 2678.

 

 

 

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June 17 15:00 UTC Released

USExp Soybean Inspected

Actual

675.302 M

Forecast

Previous

714.627 M

June 17 15:00 UTC Released

USExport Wheat Inspected

Actual

375.365 M

Forecast

Previous

464.779 M

January 31 00:00 UTC 723830723830m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 723830723830m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 735650735650m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 723830723830m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 735650735650m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 723830723830m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 723830723830m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 723830723830m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

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