SP500 Technical Analysis ES1! futures S&P 500 Index 3-29-23
What’s on the market now:
Today the S&P500 (ES1!) is trading at 4037.
Yesterday we witnessed a reversal of the index from the level of 3987-3965, which I had mentioned earlier. As I wrote earlier, if the index reverses from this level, it will be the last attempt to rise to the level of 4310 and above. The next target for growth will be the level of 4164.
If you didn’t see my analysis yesterday, you can check it out here.
What today:
S&P500 (ES1!) on the charts today:
Today, at market open, I expect the index to attempt to rise to the level of 4164. However, the critical level for today is 470, where large sell orders from speculators are located. If this level is taken, we will see a sharp rise in the index, as I mentioned earlier.
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