US500: Intraweek Technical Analysis

2 Eki 2022

the SP500 maintained its downside move triggered by the interest rate increase and inflation surge, the SP500 lost another 100 points this week with an intraweek low of 3586 and intraweek high of 3737. For intraweek the SP500 may have found a bottom from where it can pull back for a short interval of time. For coming week we will first look for a strong support below 3600 , as we don’t have any major support at this level. Once the support is confirmed we will take entry at first resistance targeting the support.
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