S&P 500: TRADING RECOMMENDATIONS

S&P 500: TRADING RECOMMENDATIONS

28 January 2021, 13:23
Yuri Papshev
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The growth of the index is most likely to resume. The first signal for this will be a breakdown of the resistance level 3754.0 (ЕМА200 on the 4-hour chart). A return into the zone above the resistance level 3813.0 (ЕМА200 on the 1-hour chart) will confirm the recovery of the upward dynamics of the S&P 500 (see  "Actual technical and fundamental analysis")


. Support levels: 3714.0, 3588.0, 3515.0, 3435.0, 3448.0, 3300.0, 3230.0

Resistance levels: 3754.0, 3813.0, 3870.0, 3900.0

 

Trading recommendations

Sell ​​Stop 3712.0. Stop-Loss 3760.0. Targets 3700.0, 3600.0, 3588.0, 3515.0, 3435.0, 3448.0, 3300.0, 3230.0

Buy by market. Buy Stop 3760.0. Stop-Loss 3712.0. Targets 3813.0, 3870.0, 3900.0

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**) S&P 500:  Current Fundamental Analysis and Market Expectations



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