S&P500: A flag membership or is it the time for a breakthrough...

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Back the S&P500, the index is still hovering in the flag formed by the Blue trend and the Orange trend. Breaching 1937.19 may trigger the signal of the the flag with 1923.77 in its bounds, before opening the way towards 1869.22.

Breaching the flag in an uptrend will lead it back to 1994 with 1975.98 as a primary objective.

The daily Pivot Point is around 1951.45. The daily support levels are around 1938.03 and 1923.77. The daily resistance levels are around 1965.71 and 1979.13.

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