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S&P500 breaks minor trend line resistance, targets 1995

  • Major resistance - 1935 (trend line joining 2023 and 1972)
     
  • The index has broken minor trend line resistance around 1935 and break above targets minor trend reversal, a jump till 1975/1995 is possible.
     
  • On the downside major support is around 1900 (temporary bottom) and any further weakness only below that level.
     
  • Any break below targets 1880/1865 level.

It is good to buy at dips around 1920-25 with SL around 1900 for the TP of 1975/1995.      

 

  • Market Data
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