S&P 500 index, Is looks bearish for the coming week?
12 December 2022
S&P 500 IndexIn Last week , S&P 500 Index value declined by -137.32 from Its previous week closeCMR: 3934.39
S&P 500 IndexIn Chart, Daily chart patterns indicates that short term trend is Bullish, but intermediate trend is bearish, so we will get mix trend in coming week. Index might fall between 3900 and 3800 zone.
S&P 500 Index In the coming week, S&P 500 index has the Nearest Resistance at 4030 and then Resistance will be at 4120. If Index close above 4120 then it might likely to test the 4325 level
S&P 500 IndexIn Chart, for the coming week, Nearest Support for Index will be at 3805 and then 3700. If stock price close below 3700, then Index value might test 3500levels.
S&P 500 IndexIn the coming week, S&P 500 Index have the trading range between 4030 for UP Sideand 3805 for Down Sidelevels
S&P 500 Index is expected to reach a maximum level of5270 at the end of 12 Months, i.e December 2023