S&P 500 Analysis – Strong Reversal at Monthly Support 3633?

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S&P 500 Analysis - Strong Reversal at Monthly Support 3633?
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Join senior market strategist and trading mentor Duncan Cooper as he monitors price levels on the monthly and daily charts of the S&P 500.

The price reversed sharply at the monthly support level of 3633 yesterday.

The break in price above yesterday’s high at 3735 would begin to confirm a short-term reversal targeting the daily resistance level of 3882.

Disclaimer: Trading involves risk. In times of heightened volatility, traders should apply strict risk management rules.

S&P 500 monthly chart on ACY MT4

S&P 500 daily chart on ACY MT4

This content may have been written by a third party. ACY makes no representations or warranties and assumes no liability as to the accuracy or completeness of the information provided, or any loss resulting from any investment based on any recommendation, forecast or other information provided by any third party. . This content is for informational purposes only and does not constitute financial, investment or other advice on which you may rely.

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