US indices gained ground on Monday after the release of the report on inflation and spending on private consumption.
The index rose amid positive US statistics. Traders were able to raise the price to the level in 2165 to mark the Day of 2180. S & P500 closed the shop. Support from the index in 2165, resistance at 2180.
MACD in negative zone, the indicator increased, which indicates a weakening of the sellers. RSI rebounded from oversold zone and is approaching the overbought zone.
Quotes index rebounded from the EMA-200 on the 4-hour chart. The tool during trading tested the 50-EMA and 100-EMA. Moving averages are directed upwards, which is considered a buy signal.
S & P500 Forecast for today
If the current upward trend will continue, the index will continue to rise. In this case, the target customer mark in 2180.
Based on materials from Fort Financial Services