SP500 Technical Analysis ES1! futures S&P 500 Index 3-17-23
What’s on the market now:
Today the S&P500 (ES1!) is trading at 3985. Yesterday we saw the sharp move towards the 4023 level that I mentioned earlier. Globally, the market has every chance for continued growth. However, the bond market is still under a lot of pressure. As soon as this problem is solved, we can see a sharp increase. But now the market is in the stabilization zone, and is waiting for what decision the authorities will make. However, if the decision is erroneous or belated, we will see a sharp drop in the index to the level of 3735.
If you didn’t see my analysis yesterday, you can check it out here.
What today:
S&P500 (ES1!) on the charts today: At the opening of the market, I expect the beginning of some stabilization with a decrease in the index to the level of 3967-3943. After that, I expect the index to try to continue its growth to the level of 4095 and above.
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