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S&P 500 - 1 Hourly

Minipip

S&P 500 - 1 Hourly

29 Jun 2022, 00:00

By Minipip

S&P 500 - Potential reversal 1-hour timeframe.

Technicals

The S&P 500 looks like it is trying to reverse an initial fall on the market open. Support sits at 3,798, followed by 3,644. A break here at 3,644 would allow a resumption of the longer-term downtrend. Toward the upside, initial targets are 3,855, followed by 3,944. RSI reads 41, with MACD turning postive and gaining momentum.

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