Pressure on the US stock indexes had expectations of reducing the forecast for global growth from the International Monetary Fund in connection with the uncertainty of the effects of Brekzita.
S & P500 index was trading in a narrow sideways range 2160-2150. Price dropped to the bottom of the range.Resistance is located at 2165, support - at 2150.
MACD is in the positive zone, histogram declined, indicating a weakening of the position of the buyer. The indicator gives a buy signal. RSI is close to overbought.
Price broke through the 100-EMA on the hourly chart. 50-EMA acts as resistance for the price, and the 100-EMA - support. On the 4-hour chart, the EMA-100 broke through 200, the EMA in the upward direction. Moving averages are directed upwards.
Forecast the S & P500 today
Rather, S & P500 index is to trade in sideways, limited levels of 2165 and 215 0.
Based on materials from Fort Financial Services