Thursday 13 May 2021

S&P 500: Heading towards next cloud chart support zone: 4023!

S&P 500: Heading towards next cloud chart support zone: 4023! S&P500 index lost support at the top end of the cloud chart and then sold off after the cloud chart sell signal. Next key support zone to be tested in and around the bottom end of the cloud at 4023 zone! If price action moves below the bottom of the cloud the outlook changes to bearish on the 4 hour cloud chart! Need to see support come in at the 4023 zone for the rally to remain in place.

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