In the last sessions We have attendedA rebound In the main index of the US market, the S&P 500complying with it with Our base scenario commented last Tuesday, March 18. In this sense, the S&P 500 has fulfilled the entire bullish objective of the double -ground charrtist figure we projected, with an objective in the environment of the approximately 5,782 points.
In this way, in the daily graph of the main American index, the S&P 500, we can observe that, The index is finding an important level of resistance in the area of 5,786.95 and 5,773 points, since, The level of 5,773 points previously worked as an important support level and, now, is acting as a level of resistance, So, we hope that the price can give positions after fulfilling the initial binding objective of the rebound, being able to look for support in the immediate vicinity of 5,715 points.
S&P 500 (SP500) on a daily scale with MACD (upper window), and hiring volume (lower window). Source: Prorealtime and own elaboration.
For its part, The MACD oscillator maintains active ascending cuts but is still far from the border of level 0, So the Momentum in the background continues to be negative in the main American index, so we could attend new falls in the next sessions, the first importance being the area of the 5,715 points.
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