S&P 500 Back Above SMA50: Two Levels That Will Define Next Week

265
The S&P 500 has been inside an uptrend for approximately 9 months.

Mid-week ceasefire news pushed the index back above its 50-day moving average. The two critical levels I'll be watching next week:

1⃣ POC → 6,873
2⃣ SMA50 → 6,761

Whichever level breaks first, that's the direction likely to gain momentum.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.