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Monday 02 Aug 2021
FWP Network > Forexhound.com > Analysis > Stock Market Analysis > Indices > Technical forecast for S&P
Technical forecast for S&P
Indices · analysis, binary option, buy sell, candlestick, charts, day trade, day trading, down trend, fibonacci, forecast
S&P back up testing the 1633 target. We are severely overbought & a dip to support at 1619 is possible today. We held just above here yesterday but below here this week look for 1611/08 to exit shorts & try longs with stops below 1604.
A break higher in this unstoppable bull run can never be ruled out. All overbought indicators are being ignored at this stage so above 1633 look for 1638, possibly 1644 & 1647/48 this week.