SP500 Technical Analysis ES1! futures S&P 500 Index 3-14-23
What’s on the market now:
Today the S&P500 (SXP) is trading at 3855. Yesterday we saw the market move towards the expected target zone of 3804 and then the expected bounce in the index that I mentioned earlier. While the market has not decided on the direction of movement. Therefore, we will work with what we have.
If you didn’t see my analysis yesterday, you can check it out here.
What today:
SPX on the charts today: At the market open today, I expect the market to try to stabilize and try to move up to 3929-3943.
After that, I expect the index to make an attempt to continue falling to 3762. However, if the attempt is broken, we will see the index rise to the level of 3983.
Keep in mind that there is a lot of volume in the market right now and sharp moves are likely throughout the day.
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