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Weekly price is on ranging around Central Pivot at 1963.05 waiting for direction.
- The price is ranging around Central Pivot at 1963.05.
- The nearest resistance levels are 2134.42 and R1 Pivot at 2188.18.
- The nearest support levels are 1863.12 and S1 Pivot at 1832.78.
| Instrument | S1 Pivot | Yearly PP | R1 Pivot |
|---|---|---|---|
| SP500 |
1832.78 |
1963.05 | 2188.18 |
If W1 price will break 2134.42 resistance level from below to above on close W1 bar so the strong primary bullish trend will be established.
If W1 price will break 1863.12 support level from above to below so we may see the bearish market condition.
If not so the price will be ranging between the levels.
Trend:
