S&P-500
Open—6843.26--High—6915.86—Low—6836.33—Close—6909.51 on 20.2.2026.
Support:6903.46/6887.01/6885.89/6871.07/6845.50/6834.55/6824.31/6789.08/6780.13/6775.50/6764.15/6752.16/6720.95/6698.88/6655.69/6631.44/6593.99/6569.22/6551.36/6521.92/6508.12/6477.38.----
Resistance:6920.34/6945.77/6986.33/6991.92/6992.61/7002.24/7030/7073/7089/7140/7170/7371.
It is in the long term
uptrend and the overall technical setup still looks good for the continuation
of up-move, but it is into correction mode and below multiple tops, which is
slightly concerning. Please note that if it moves above the range of 6935.86—6945.77---6651.93—6956.89 and
sustain on the closing basis then it will it will get out of corrective mode
and may resume the up-move and if it moves above its multiple tops range of 6986.33---7002.24 then it may have an
accelerated up-move, else it may start
to drift down.
It is important to mention here that it has to stay above 6945.77---6887.01 & 6845.50 to keep
the continued up-move going in the Year-2026.
But it is below 6945.77 which is an extreme
alert sign for going down and finally breaks & sustained close below 6887.01 & 6845.50 may trigger an
accelerated fall.
The few important technical indicators are giving mixed
signals therefore it can swings both ways at time with a slight tilt towards
upside as of now but can switch side fast because volatility is a concern. So
be alert and watchful.
NOTE: - It is a technical assessment
of the indices as of now, the technical interpretation changes with the price
movement and time; therefore it needs periodic review, which may please be noted.
This is for educational purpose.
Disclaimer:-The view expressed here is solely of the author and for
educational purpose and he is not at all responsible in any way for the outcome
of the trade you enter based on the above view.
Kindly
note that make your cost your stop loss in favorable trade
and then trail it as the price move up/down to gain maximum profit and avoid
losses. Use support and resistance levels as entry, exit, target and trailing
stop loss points. DO NOT TRADE WITHOUT STOP LOSS.
Note: Price stated here are of spot
market.
Contact me for strategic guidance
to enter and exit trade.
Thanks
Narendra
Kumar Surana
Mobile—8240951127/9831313654.
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Thank you for sharing your views.