Thursday, October 15, 2026

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S&P500 forms double bottom around 1935, slight jump till 2000 is possible

Major support -1935 The index has made a low of 1935 and slightly recovered from that level. Intraday trend is slightly bullish as long as support 1935 holds. S&P500 broken minor trend line resistance 1963 and jumped til…

By Lis Howell
Updated 1 min read
S&P500 forms double bottom around 1935, slight jump till 2000 is possible
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  • Major support -1935
     
  • The index has made a low of 1935 and slightly recovered from that level. Intraday trend is slightly bullish as long as support 1935 holds.
     
  • S&P500 broken minor trend line resistance 1963 and jumped till 1968. It is currently trading around  1957.
     
  • Major resistance is around 1980 and break above targets 1990/2000.
     
  • Short term trend reversal only above 2030.
     
  • On the lower side major support is around 1935 and break below targets 1920/1900.

It is good to buy at dips around 1950-55 with SL around 1935 for the TP of 1980/2000.

 

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