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S&P500 hovers near major resistance 2820, any convincing break above targets 2930

Major resistance- 2820

 

S&P500 recovered slightly after a forming a top around 2821 on positive Brexit news.The index was trading higher nearly 2-1/2 month and jumped more than 20% from low of 2334 on easing US--China trade tensions and increasing risk appetite. It hits low of 2720 Mar 08th 2019 and is currently trading around 2820.3.

 

The index’s near term support is around 2798 (23.6% fib) and any break below 2784 (20- day MA) and any violation below will drag the index till 2748 (200- day MA)/2720/2700. Any violation below 2680 confirms further weakness.

 

On the higher side, major resistance is around 2821 and any break above will take the index to next level 2840/2860/2930.

 

It is good to buy on dips around 2805-10 with SL around 2785 for the TP of 2930.

 

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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 766478766478m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 766478766478m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 778298778298m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 766478766478m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 778298778298m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 766478766478m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 766478766478m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 766478766478m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

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