S&P 500 analysis – rectangle triangle formation

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Welcome to S&P 500 analysis. It’s getting very interesting on hourly and daily chart of S&P 500 cash indices. At this moment I’m watching >1940-60 as potential breakout and possible move up even to new highs. But I think most likely to happen is move down to 1820-10 and breakdown with 100-120 points move down.

Below you will find updated charts of S&P 500 – on hourly, daily and weekly interval!

S&P 500 analysis – hourly.

Watching 1880-70 and 1820-10 as support level. 1930 – 1940 – 1960 as resistance.

S&P 500 analysis – daily.

The same resistance/support levels as on hourly chart.

S&P 500 analysis – weekly.

In case of breakdown below 1820-10 I think 1750 it another important level.

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