Hey Trader,
S&P 500 Macro Analysis for the WEEK of March 10, 2024
Are you looking to make sense of the market using technical analysis?
Let's break down the big picture numbers for you:
At 5013.50, we're seeing a formation that's holding strong against selling pressures, suggesting potential stability in the market going forward.
However, if we break below 4999.25, it could indicate a shift in momentum, with downside targets of 4744.25 within the next 3 - 5 weeks and 4439.00 over the following 3 - 5 months.
On the upside, breaching the 5013.50 level opens up opportunities for further gains, with targets set at 5414.00 over the next 1 - 2 months and a long-term objective of 5938.00 within the next year of trade.
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Understanding these key levels and formations can provide valuable insights for your trading strategy. Whether you're bullish or bearish, having a clear plan based on technical analysis can help you navigate the market with confidence.
Stay informed, stay ahead, and trade smart . . .
Happy Trading,
Anthony Speciale
Speciale Analysis
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