SP500 Technical Analysis ES1! futures S&P 500 Index 3-21-23
What’s on the market now:
Today the S&P500 (ES1!) is trading at 4015. Yesterday, we saw how the level of 3770-3790 became a resistance level throughout the trading day, as I mentioned earlier. Only during the Asian and European sessions did we see how futures continued their rise towards the expected target zone of the level 4077-4095.
As I wrote, if the level of 3770-3790 is taken, we will see a sharp rise in the index to the level of 4095. And that’s what happened, in fact. Currently, the index is moving towards the level of 4095, but minor pullbacks are possible towards this level.
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 the market opening, I expect the index to make a slight stabilization in its movement A and then continue its growth to the level of 4095. Currently, there are no major sellers in the market, and this creates all the possibilities for a sharp rise.
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