S&P 500 Moving Slight Upwards at Below 3116

S&P 500 Moving Slight Upwards at Below 3116

The S&P 500 maintains basic price and average 13-day support starting from 3144 to keep the risk higher. Credit Suisse analysts have been warned that a correction below 3116/13 will be lower. “The S&P 500 was tested yesterday, and it holds what we have marked as basic support so far. It currently starts at its average of 13 days in 3144 and declined to its lowest level in 3116 of the past week. saved most of the losses in the next recovery. At the same time, when it goes above the downtrend in February, this provides slight upward progress as wider side ranges. " “Resistance is seen in 3214. It sees an uptrend above 3232/32 towards 3233/35. '' “Support is seen in 3166. The 13-day average and price support that we want to try and keep is seen at 3154/44. Only under 3116/13 will point to a hill for a more harmonious correction in the wider range .''- Credit Suisse