S&P 500 looks in a long term bull run with short tern (<week)in range (2175-2160) Medium term (2-3 week) support at 2130 & 2110. Close below these levels would test the levels of 2075 and absolute support at 2000.
Thus a maximum of 10% downside is expected.
On the upside if sustains above 2175 then 2250 level is expected to a max of 2280 in medium term.
Thus a maximum of 10% downside is expected.
On the upside if sustains above 2175 then 2250 level is expected to a max of 2280 in medium term.