Tag Archives: SP500 Support Levels

S&P500

S&P500 Futures Analysis – 22June2021

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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.

S&P500

S&P500 Futures Analysis- 30Dec2020

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The S&P500 futures are currently at 3733, and they are in clear uptrend, constantly trading above their 5 week EMA, which indicates strong uptrend, and the only thing to do here is to stay long above the 5 week EMA, which is currently at 3689.

The S&P500 futures closed today at 3721.50, doing a small red day, but they are still trading above the 10 week SMA (currently at 3605), and any move above 3730 can rapidly accelerate into a new rally towards 3750-3780 level.

The 10 day SMA is currently at 3706, and it is suitable for short term trading, so we can stay long above 3700 level. Our S&P500 Futures Trading Strategy is to stay long above 3700 for target 3760.