S&P 500 E-미니 선물

S&P 500, 7/6/23

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For Thursday, 4393.25 can contain weekly selling pressures, above which 4552.25 remains a weekly target able to contain weekly buying pressures.

 

Closing above 4552.25 signals 4624.50 within 3 - 5 days, able to contain buying through July, and the formation settle above for yielding the 4808.25 longer-term objective by the end of August or sooner.

 

Downside Thursday, breaking/opening below 4393.25 allows 4372.00, also able to contain weekly selling pressures and the level to settle below for reversing momentum into next week, 4305.50 then likely by the end of next week where the market can bottom out through July.

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