Skip to Content
News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
More View More
SPX 500 Technical Analysis: Still Waiting for Direction Cues

SPX 500 Technical Analysis: Still Waiting for Direction Cues

Ilya Spivak, Head Strategist, APAC

Talking Points:

  • Support: 2085.00, 2063.40, 2040.10
  • Resistance: 2115.90, 2129.60, 2137.10
  • For more, visit our SPX 500 page

The SPX 500 continues to wait for clear-cut direction cues, with prices treading water at monthly trend support. Near-term resistance is at 2115.90, the July 31 high, with a break above that on a daily closing basis exposing the June 22 top at 2129.60. Alternatively, a move below trend line support at 2086.50 opens the door for a test of the July 27 low at 2063.40.

KEY UPCOMING EVENT RISK:

19 AUG 2015, 12:30 GMT – US Core CPI (YoY) (JUL) – Expected: 1.8%, Prev: 1.8%

19 AUG 2015, 18:00 GMT – Fed Releases July FOMC Meeting Minutes

20 AUG 2015, 06:45 GMT – Fed’s John Williams Speaks

21 AUG 2015, 00:20 GMT – Fed’s Narayana Kocherlakota Speaks

21 AUG 2015, 01:45 GMT – Caixin China Mfg PMI (AUG P) – Expected: 48.0, Prev: 47.8

--- Written by Ilya Spivak, Currency Strategist for DailyFX.com

To receive Ilya's analysis directly via email, please SIGN UP HERE

Contact and follow Ilya on Twitter: @IlyaSpivak

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES