US500 neutral

Has the level of 4550 been overcome?

10 february 2022 84
Elena_Berseneva
Elena_Berseneva

Listed among the best MarketCheese authors
1st in the segments "Indices" and "Metals"
2nd in the segments "Currencies" and "US stocks"
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The S&P 500 index broke the level of 4550 and tries to consolidate above it.


When it happens, a way to 4700 and 4800 levels will be opened.


Index growth is strongly supported by the seasonal trend to growth in February.


If the index cannot consolidate above 4550, its decline is possible to 4450. 

Elena_Berseneva
Elena_Berseneva

Listed among the best MarketCheese authors
1st in the segments "Indices" and "Metals"
2nd in the segments "Currencies" and "US stocks"
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