S&P 500 Analysis
The price is currently trading with bullish momentum, reaching 5,969. A breakout above 5,969 is likely to push the price towards 6,022.
On the other hand, if the price remains stable below 5,969, it will fluctuate between 5,969 and 5,935. A break and a 4-hour candle closing below 5,935 will support a bearish trend, targeting 5,893 and 5,863.
Key Levels:
Pivot Point: 5935
Resistance Levels: 5969, 6022, 6053
Support Levels: 5905, 5863, 5790
Trend Outlook:
Bearish Stability: Maintained below 5,969
Bullish Trend: Confirmed by a breakout above 5,969