Hey Trader,
S&P 500 Analysis for the DAY of Monday: March 11, 2024
Ready to conquer Monday's market with high-level technical analysis?
Let's break down the potential moves:
At 5090.75, we're eyeing a potential containment zone for any session weakness.
Should the market hold above this level, we might see a bullish push towards 5194.50 within the next several days.
And if momentum persists, our target could extend to 5234.75 within 3 - 5 days, potentially marking a weekly high.
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However, if we witness a breach below 5090.75, it could signal a shift in sentiment, with a possible downside target of 5066.50.
A closing below this level might lead us towards 5013.50 within several days.
But fear not, as this marks the beginning of a significant support range extending down to 4999.25, which could hold against selling pressure through April and beyond.
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Keeping a close eye on these critical levels and anticipating potential market movements can be a game-changer in your trading strategy.
Remember, technical analysis isn't just about predicting price movements—it's about understanding market dynamics and making informed decisions.
Stay tuned for more updates!
Happy Trading,
Anthony Speciale
Speciale Analysis
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