Thursday, October 15, 2026

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S&P500 breaks major support 2050, targets 2023/2000

Major support - 2050 Major Intraday resistance - 2070 Short term trend reversal Level- 2085 The index has broken major support 2050 and declined till 2046.6 at the time of writing. It is currently trading around 2047. An…

By FxWire Pro
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S&P500 breaks major support 2050, targets 2023/2000
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  • Major support - 2050
     
  • Major Intraday resistance - 2070
     
  • Short term trend reversal Level- 2085
     
  • The index has broken major support 2050 and declined till 2046.6 at the time of writing. It is currently trading around 2047.
     
  • Any break below 2050 will drag the index down till 2023/2015/2006
     
  • Minor trend is weak as long as resistance 2070 holds. Any indicative break above 2070 will take the index till 2080 (200 HMA)/2085.

It is good to sell on rallies around 2053-55 with SL around 2070 for the TP of 2023/2008

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