S&P500: Hovering ahead of the Fed...
The S&P500 finished another session in a hesitation, two days ahead of the Fed's announcement. It is currently at its blue trend. The current pattern suggest a signal underway, which may lead it back to 2026.11 with 1975.96 as a primary objective.
Cutting through 1948.27 will lead it back to 1937.9, which may trigger a downfall towards 1869.27, with 1921.36 as an intermediate objective.
The benchmark's daily Pivot Point is around 1954.78. Its daily support levels are around 1946.51 and 1939.99. The benchmark's daily resistance levels are around 1961.3 and 1969.57.
tradingview.com/x/jlumeDP6/
Cutting through 1948.27 will lead it back to 1937.9, which may trigger a downfall towards 1869.27, with 1921.36 as an intermediate objective.
The benchmark's daily Pivot Point is around 1954.78. Its daily support levels are around 1946.51 and 1939.99. The benchmark's daily resistance levels are around 1961.3 and 1969.57.
tradingview.com/x/jlumeDP6/
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