S&P500: On the edge of the flag, a signal on the way?
Few days ahead of the Fed's announcement, the S&P500 is on the edge of breaking through the flag formed by the blue trend and the orange trend.
An eventual opening above 1961.05, may trigger an up trend towards 1975.98 as a primary objective. Breaking through 1975.98 will settle a bullish trend with 2022.11as an objective.
Breaching 1939.19 may trigger the signal of the flag, and opens the way towards 1869.27, 1921.36 being the primary objective.
The Index's daily Pivot Point is around 1953.76. The daily support levels are around 1946.47 and 1931.9. The daily resistance levels are around 1968.33 and 1975.62.
tradingview.com/x/qsptEJjn/
An eventual opening above 1961.05, may trigger an up trend towards 1975.98 as a primary objective. Breaking through 1975.98 will settle a bullish trend with 2022.11as an objective.
Breaching 1939.19 may trigger the signal of the flag, and opens the way towards 1869.27, 1921.36 being the primary objective.
The Index's daily Pivot Point is around 1953.76. The daily support levels are around 1946.47 and 1931.9. The daily resistance levels are around 1968.33 and 1975.62.
tradingview.com/x/qsptEJjn/
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