mql5

S&P 500 Weekly: ranging within bullish levels. The weekly price located fare above 200 SMA for the bullish market condition: price broke 100 SMA to be reversed from the ranging bullish to the primary bullish market condition with 2119.25 resistance as a nearest bullish target.

• If the price breaks 2021.75 support level so the price will be reversed to the ranging bullish market condition with the secondary correction to be started.
• If the price breaks 1885.25 support level so the reversal of the price movement to the primary bearish market condition will be started.
• If the price breaks 2119.25 resistance to above on close weekly bar so the bullish trend will be continuing;
• if not so the price will be on ranging bullish condition to be moved within the channel of s/r levels.

Resistance	Support
2119.25	2021.75
N/A	1885.25