Will SPX Be Able To Defend 2367 On March 17th?

On analysis of the movements of S&P 500 Futures in different time frames, I find that the prevailing exhaustion may result in a steep fall in S&P 500 index at the opening bell on March 17th, 2020. If the SPX remains unsuccessful in defending the level of 2367, it may test the level of 2323; before bouncing back amid growing volatility.

SPX - Monthly Chart

SPX – Monthly Chart

SPX - Weekly Chart

SPX – Weekly Chart

SPX - Daily Chart

SPX – Daily Chart


1. This content is for information and educational purposes only and should not be considered as an investment advice or an investment recommendation. Past performance is not an indication of future results. All trading carries risk. Only risk capital be involved which you are prepared to lose.

2. Remember, YOU push the buy button and the sell button. Investors are always reminded that before making any investment, you should do your own proper due diligence on any name directly or indirectly mentioned in this article. Investors should also consider seeking advice from an investment and/or tax professional before making any investment decisions. Any material in this article should be considered general information, and not relied on as a formal investment recommendation.

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S&P 500 Futures – Outlook For The Week Of March 16th, 2020

Will SPX Be Able To Defend 2367 On March 17th?

Disclaimer: This analysis is purely based on the technical observations. I do not have any position in Natural Gas. One can create position in Natural Gas at his/her own risk.

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