Skip to toolbar

Technical Analysis for the S&P 500

Stocks are climbing steadily but do not appear to have the momentum they did earlier. I’d wait for a nice dip to consider getting long. We have some support from a minor level at 2915 or so. Watch out because we may be forming a head and shoulders with the neckline at this level. We are bound to face resistance at the high of 2970. We still have a long way to go before trying to break new highs again.

 

S&P 2020-05-11

S&P Analysis for 2020-05-11

 

Below are the corresponding levels for MESM2020 (the E-Mini Micro contract expiring in June, 2020).

 

S&P E-mini Micro 2020-05-11

Technicals and levels for the E-Mini Micro contract.

0 Comments

Leave a reply

Your email address will not be published. Required fields are marked *

*

©2020 Ghost Squawk

Log in with your credentials

or    

Forgot your details?

Create Account