SP500 Technical Analysis ES1! futures S&P 500 Index 3-6-23
What’s on the market now:
Today the S&P500 (ES1!) is trading at 4054. Last trading Friday, we saw a sharp increase in the index, which I mentioned earlier, to the level of 4025-4050.
But today I expect that the index will make an attempt to fall to the level of 4010 – 4025. Now the index is entering a profit-taking phase, I expect that in the near future we will see a slight decrease. Globally, the index is now in an uptrend, and I’m still waiting for the index to go to the level of 4310 and above.
If you didn’t see my analysis yesterday, you can check it out here.
What today:
Today, at the market opening, I expect that the index will make an attempt to grow to the level of 4080, after which the market will begin profit-taking, which will be able to lower the index to the level of 4010-4025. However, if this attempt to sit is broken, we will see a sharp increase in the index to the level of 4115 and above.
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