S&P technical analysis: Bulls should wait and watch this critical price level.

Technical Analysis

The following S&P tecnical analysis video below shows that the bears are still in control till the price breaks out of the bull flag shown.

The Emini may want to test the 2022 low of 11068.50 on the Nasdaq, apx. 1% more down. This should affect the other indices, too (NQ, RTY, YM).

The market is still bearish and bulls should wait. When can bulls enter? For those seeling a healthy confirmation, the S&P futures (ES) should close a 4hr candle, or daily candle, above 3750.

Trade the S&P emini futures at your own risk and visit ForexLive.com technical analysis for further perspectives.

Articles You May Like

EUR/USD Price Analysis: Renewed 20-day SMA rejection curbs bullish attempts
Budget deficit rose in December and is now 40% higher than it was a year ago
Australian Consumer Inflation Expectation, January 2024: 4.0% (vs 4.2% previously)
Greenback Eases Ahead of Trump’s Executive Actions, Bitcoin Takes Leads and Hits New Record
Oil slides further as investors eye Trump 2.0 policies; Brent crude hits $78.93/bbl

Leave a Reply

Your email address will not be published. Required fields are marked *