SP500 Technical Analysis ES1! futures S&P 500 Index 2-23-23
What’s on the market now:
Today the S&P500 (ES1!) is trading at 4017. Yesterday was a very interesting day for the market. Many speculators were satisfied. We saw several attempts by buyers to reverse the market, which were not successful, and only when trading ended in the US, the index was able to rise.
As I mentioned earlier, the index is in the decision zone, obviously today it will try to make an attempt to strengthen at the level of 4045-4040. After that, I expect another attempt to lower the index to the level 3950. I am looking forward to certain events on February 27-28. Which can greatly affect the market.
If you haven’t seen yesterday’s index analytics, you can read it here.
What today:
Today, at the beginning of the trading day, I expect the index to try to stabilize and return to the level of 4040-4050. At this level, many speculators will try to reverse the index again. And, if this attempt is successful, then we will see the index decrease to the level of 3950. Now I expect the peak of 4040-4050 to be on February 24th.
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