Michael_Macdonald-XATSUK

SPX remains vulnerable at current levels

SP:SPX   S&P 500 Index
US equities are showing signs of a pullback, as overbought studies promote selling pressure above the 2261.75 projection at 2277.53.

A corrective pullback is now unfolding, with prices poised to break below the 2232, (23.6%) retracement of the November-December rally towards further support at 2200/04. Risk, however, is for a close below the 2180/86 area, with congestion around 2150 to then attract, as currently positive investors move to a cautious stance.

An unexpected close above 2277~, however, will confirm continuation of the November rally, with subsequent focus then turning to 2300/02.
English (UK)
English
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out