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S&P500 - 1 Hourly

Minipip
S&P500 - 1 Hourly
23 Jun 2022, 00:00
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By Minipip
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S&P500 Looks to have found temporary bottom. Support below.


Technicals

The S&P500 looks to have found a temporary support at 3,650. The index has turned positive on the MACD with RSI reading 61, suggesting more upside before overbought conditions. Initial targets/resistance is 3,829, a break above here aims for 3,897. Towards the downside, support sits at 3,650. A break here and close on the daily timeframe would allow for the resumption of the current larger downtrend. 

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