S&P 500: Bearish Momentum Below 5927

S&P 500

Technical Analysis

The price dropped perfectly as we mentioned in the previous idea

so now still has a bearish volume to get 5891 and 5863 as long as it trades below 5927

otherwise, it should close 4h candle above 5928 to be bullish till 5952 and 5972

Key Levels:
Pivot Point: 5927
Resistance Levels: 5952, 5972, 5989
Support Levels: 5891, 5863, 5833

Trend Outlook:
- Bearish Trend while below 5927
- Bullish trend if break 5939

previous idea
S&P 500: Inflation Concerns Weigh on Market Ahead of CPI Release
sp500indexSPX (S&P 500 Index)S&P 500 (SPX500)Supply and DemandSupport and ResistanceTrend Analysis

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