The S&P 500 fell sharply on Tuesday, shedding more than -2.0%. This completed a double-top pattern at 5,651 (just shy of all-time highs of 5,669) and positioned the Index within striking distance of the pattern’s take-profit objective at 5,472, which could serve as support. Complementing this level is the 50-day simple moving average at 5,505 and support at 5,488.
As a result, traders will likely monitor support between 5,472 and 5,505.
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.