SP500 and Nasdaq Gann analysis for 21st June

S&P 500 Spot Gann angle analysis : 

As discussed in the last analysis,

Bulls have the upper hand if S&P manages to close above 2924. Next target is 2940/2956/2972. Gann Resistance zone is at 2972 to 2988

Bears will get active below 2896 for the target of  2882 / 2868 /2856 / 2844/ 2820

Traders are advised to not short above 2924.

S&P Hourly Chart
S&P Hourly Chart
Self-explanatory chart.

Support is at 2924. 2924 is Vedic number and it will decide next trend of the market.

Positional analysis :


Bulls will get active above 2988 for the Target of  3024

Bears will get active below 2956 for the Target of 2924

S&P 500 Spot intraday for 21st June :


Buy above 2956 Target 2964 2972 2980

Sell below 2948 Target 2940 2932 2924



Nasdaq Spot Gann angle analysis : 

As discussed in the last analysis,

Gann angle chart yellow zone will act as support and resistance. Next resistance comes at 8010 and 8100. 

Next resistance comes around 8000 to 8010 once manage to close above 8010 it shoots towards 8100.

Gann Support near 7776. Bears will get active below 7920 for the target of 7776.

Nasdaq Spot Gann Support Resistance Chart
Nasdaq Spot Gann Support Resistance Chart

Price has respected Gann resistance yellow zone and revert back to the support zone around 8000.

Now above 8055, it will try to push towards 8100.

Positional analysis :

Bulls will get active above 8100 for the Target of  8145/8190/8235/8280

Bears will get active below 8010 for the Target of 7965/7920/7884/7848


Nasdaq Spot intraday for 21st June :

Buy above 8055 Target 8082 8100

Sell below 8010 Target 7992 7965


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