Market Overview

Technical Forecast for S&P

Technical Forecast for S&P


S&P retested the 1591/93 all time high & came to a halt to form a short term bearish double top. As long as we hold below here targets are 1577 then 1569/67. Here we should bottom out at this stage.
We need stops on shorts from all time highs at 1591/93 on a break out above 1597 for 1606/07 then 1615/16 upside targets.

The following article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.

Posted-In: Technicals Markets Trading Ideas


Related Articles

View Comments and Join the Discussion!