S&P500 Futures Analysis – 22June2021

The S&P500 futures moved up sharply higher on Monday (from their deep red closing of Friday), with the Dow Jones Index (DJIA) completing its strongest session in over three months as investors piled back into energy and other sectors expected to outperform as the economy rebounds from the pandemic. That was a stark reversal from last week, when the Fed’s hawkish signals on monetary policy sparked a round of profit taking that wiped out value stocks’ lead over growth this month and triggered the worst weekly performance for the Dow and the S&P 500 in months.

S&P500 Futures Support & Resistance Levels
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Resistance 2 4260 Daily R2
Resistance 1 4245 Daily R1
Support 1 4198 Daily S1
Support 2 4180 Daily S2
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So the upside targets are 4245 and 4260.
Current price is 4218.

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