SP500 Technical Analysis ES1! futures S&P 500 Index 2-28-23
What’s on the market now:
Today the S&P500 (ES1!) is trading at 4001. Yesterday we saw the price moving towards the target zone, which I mentioned earlier. Now the market is in a growing phase. However, at the open today, some speculators will make one last attempt to bring the index down to the level of 3885. But if this attempt is broken, we will see a sharp increase in the index to the level of 4063 and above. In terms of the nature of the possible growth, I would describe it as explosive growth.
Globally, the market remains positive and has every opportunity for a sharp increase.
If you haven’t seen yesterday’s index analytics, you can check it here.
What today:
At market open today, I expect the index to make an attempt to drop to the 3885 level. However, if this attempt is broken, we will see a sharp increase in the index to the level of 4063 and above.
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