S&p 500 technical levels to watch

By
0 mins. to read

Cash prices

6th resistance 1415 Previous high
5th resistance 1404 Resistance line
4th resistance 1379 Previous support line
3rd resistance 1358 61.8% Fib retracement
2nd resistance 1358 Previous support
1st resistance 1348 Yesterday’s high
1st support 1334 Yesterday’s low
2nd support 1315 55-90min moving average
3rd support 1311 Support line
4th support 1292 200-day moving average
5th support 1283 Previous resistance line
6th support 1266 Previous low
7th support 1249 50% retracement
8th support 1242 Support line

 

S&P 500 INDEX_120619

If you are short:

1st resistance at 1348 (yesterday’s high). Weak stop loss above that level.

2nd resistance at 1358 (61.8% Fib retracement). Fair stop loss above that level.

3rd resistance at 1379 (previous support line). Strong stop loss above that level.

If you are long:

1st support at 1334 (yesterday’s low). Weak stop loss below that level.

2nd support at 1311 (support line). Fair stop loss below that level.

3rd support at 1292 (200-day moving average). Strong stop loss below that level.

Courtesy of www.bettertrader.co.uk, click here for link

Comments (0)

Comments are closed.

YOUR FREE INVESTMENT MAG

Get real investment insights from some of the best minds in the business - with our free Master Investor Magazine.