TECHNICAL ANALYSIS

S&P Index nears key resistance target


To be aware. The 100 and 200 day AM and the index level 3000 are approaching.

the S&P index trades just before the week’s highest at 2968.09. A move above this level would then target the 100-day moving average to fall to 2975.37. The price has not closed above the 100-day moving average since February 24. Above this level is the 200-day flattened moving average at 2999.01 (call it 3000). This level should be a key bias defining the level of the broader index in the future. There should be sellers on the 1st test.

To be aware. The 100 and 200 day AM and the index level 3000 are approaching.

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