S&P 500 Pivots
The S&P 500 started the day at the low around 1175 then soared to 1186.44 nearing Monday's high of 1187. The market was boosted due to strong retail sales data as well as anticipation of next week's first-quarter earnings season.
Friday's primary pivot point at 1183 which is last Tuesday's previous low. Expect the market to stay above the 1184 and 1187 pivot levels as it approaches the yearly highs at 1192. The S&P 500 has been trending upward consistently on the daily
No comments:
Post a Comment