Technicals - S&P500 (2169) - potential for a technical sell signal to be generated
Angela Mangan
QMG Pty Ltd
The S&P500 index has the potential to generate a technical top formation / technical sell signal, and is located marginally above key technical support. A close below 2168 is required to generate a technical sell signal. (Although the index spiked below this level during intra-session trading on Friday night, it did not close below this key technical level). The minimum downside technical target in that scenario would be located at 2075. It would take a rally back to 2194 to remove the potential for the sell signal / technical top to be generated in the near-term.
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Angela has over 30 years experience in the technical analysis field. She provides technical analysis coverage of major Australian and global stocks / key markets, including provision of a bespoke technical service to wholesale clients.
3 topics
Angela Mangan
Technical Analyst
QMG Pty Ltd
Angela has over 30 years experience in the technical analysis field. She provides technical analysis coverage of major Australian and global stocks / key markets, including provision of a bespoke technical service to wholesale clients.
Expertise
Angela Mangan
Technical Analyst
QMG Pty Ltd
Angela has over 30 years experience in the technical analysis field. She provides technical analysis coverage of major Australian and global stocks / key markets, including provision of a bespoke technical service to wholesale clients.
Expertise
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