Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: S&P500 daily outlook

Major support- 2800

 

S&P500 has halted its 5 day of lossing streak and shown a minor jump 30 points. The index forms minor top around 2891 and lost more than 5%. The main reason is

 

  1. On going US China trade war escalation. Trump has blacklisted Chinese telecom major Huawei

 

Technically speaking the index has formed bottom around 2805 and is currnetly trading around 2839. Any weakness can be seen only below 2800 level. Any break below targets 2779/2745.

 

The major resistance is around 2853 (55- day EMA) and any violation above targets 2890/2925.The index should break above 2959 for further upside.

 

It is good to sell on rallies around 2855-60 with SL around 2890 for the TP of 2800/

  • ET PRO
  • Market Data

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

July 2 15:00 UTC Released

DKCurrency Reserves

Actual

449.6 Stale

Forecast

Previous

451.7 Stale

July 2 13:45 UTC Released

USISM NY Biz Conditions

Actual

50 %

Forecast

Previous

48.6 %

January 31 00:00 UTC 854051854051m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 854051854051m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 865871865871m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 854051854051m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 865871865871m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 854051854051m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 854051854051m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 854051854051m

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.