Watch These S&P 500 Levels as Benchmark Index Looks to Snap 4-Day Losing Streak
Key Takeaways
- The S&P 500 moved higher Tuesday morning, putting the benchmark index on track to snap a four-day losing streak.
- The index recently reclaimed the closely watched 200-day moving average, but retraced toward the indicator last week.
- Investors should monitor crucial support levels on the S&P 500’s chart around 5,700 and 5,400, while also watching key resistance levels near 6,100 and 6,650.
The S&P 500 (SPX) surged Tuesday morning, putting the benchmark index on track to snap a four-day losing streak.
The large-cap index rose as investors welcomed President Donald Trump’s decision to delay tariffs on imports from Europe that he’d announced just a few days earlier. The S&P 500 was up 1% at 5,860 in the opening minutes…
