S&P 500 key daily levels

Orlando Gutierrez Learn 2 Trade

Yesterday's rate hike (75bps) bring more bearish pressure on US equities with the SP500 trading below the crucial 3900 level.

The SP500 futures ($ES)is already down 2.25% at the moment I'm writing this article from today's APAC open, with price yesterday's and Tuesday's lows.

Expect more downside today. Here are today's key levels

S&P 500

R1- 3820.00.
R2- 3880.00.
R3- 3940.00.
S1- 3710.00.
S2- 3660.00.
S3- 3600.00.

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Author

Orlando Gutierrez

Learn 2 Trade

Orlando has been involved in the financial markets for about 10 years. His focus is Global Macro and he is a strong believer that the best way to trade the currency markets is focusing on the big picture and holding on to big macro trends.

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