S&P 500 Index: Support/Resistance Levels

Near-term resistance on the S&P 500 Index (SPX) sits at 2632.91 and support at 2585.68...formed by a one-day moving average (mid-point of candle high/low -- input source is hl2) of the February 8 & 9 candles, as shown on the daily chart below.

(Click on image to enlarge)

Longer-term Andrew's Pitchfork channel support converges at this month's low of 2585.38, as shown on the monthly chart below.

So, short and long-term moving average and pitchfork channel support converges at 2585.

Look out below if price drops and holds below that level!

(Click on image to enlarge)

How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.