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S&P 500 Index February Pivot Points

Published 02/23/2021, 11:54 PM
Updated 07/09/2023, 06:31 AM

The following pivot point calculations and chart are provided to illustrate a variety of support and resistance levels/price targets on the monthly timeframe for the S&P 500 Index (SPX)

The calculations below are based on the high/low/close of January's candle for February's levels/price targets.

Pivot Point Calculator

The following monthly chart of the SPX shows that price nearly hit R2 (3957), so far, this month.

There are only three trading days left; however, we might see a final push up to somewhere in between the 1.50% external Fibonacci level at 3994 and R3 at 4044.

However, a drop and hold below R1 at 3835 may see price drop to somewhere around the PP at 3749, or lower.

SPX Monthly Chart

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