S&P 500 Index finished the week's trading session down -0.54% but had an overall weekly gain of 1.45%. The Index is still trending in an uptrend direction as indicated in the 30 minutes price chart below; however, it has reached its previous highs and has been rejected in my occasions at 3345.79 on Thursday session 6-2-2020.
Friday's session 7-2-2020 we saw the Index attempted to breakthrough around 3337.85 resistance but failed and closed at 3327.69. The following support price levels are quite crucial and need to keep a close watch in next week's trading session - 3318.90, 3310.80, 3304.25, 3295.15, and 3285.55. The Index needs to remain above 337.85 to continue its current rally
Friday's session 7-2-2020 we saw the Index attempted to breakthrough around 3337.85 resistance but failed and closed at 3327.69. The following support price levels are quite crucial and need to keep a close watch in next week's trading session - 3318.90, 3310.80, 3304.25, 3295.15, and 3285.55. The Index needs to remain above 337.85 to continue its current rally
