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Add as a preferred source on Google S&P500 faces strong resistance around 1941, break above targets 1984/2000 Major resistance - 1941 (55 day EMA and also trend line joining 1946.7 and 1937) Major support - 1890 The index has made a high of 1937 and slightly retreated from that level. It is currently trading around 1925. Any bre…
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Major resistance - 1941 (55 day EMA and also trend line joining 1946.7 and 1937)
Major support - 1890
The index has made a high of 1937 and slightly retreated from that level. It is currently trading around 1925.
Any break above 1941 will take the index till 1965/1984/2000.
On the lower side major support is around 1890 and break below targets 1870/1851.the minor support is around 1915.
It is good to buy above 1941 with SL around 1915 for the TP of 1965/1984/2000.
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