Skip to content
Country Flag US
Select Country
Country selection We will display only brokers and information that is relevant to your country.
Currently selected country
Select a different country
Language See the content translated in your language.
Save country & language and close
Home » Analysis & Forecast » S&P 500 Wave Analysis – 17 February 2026

S&P 500 Wave Analysis – 17 February 2026

S&P 500: ⬆️ Buy – S&P 500 reversed from pivotal support level 6800.00 – Likely to rise to resistance level 7020.00 S&P 500 index reversed up from the support area between the pivotal support level 6800.00 (which has been reversing the price from January), lower daily Bollin…

UpdatedFeb 18, 2026
1 mins read
S&P 500 Wave Analysis – 17 February 2026

S&P 500: ⬆️ Buy

– S&P 500 reversed from pivotal support level 6800.00

– Likely to rise to resistance level 7020.00

S&P 500 index reversed up from the support area between the pivotal support level 6800.00 (which has been reversing the price from January), lower daily Bollinger Band and the 50% Fibonacci correction of the upward impulse from November.

The upward reversal from this support area formed the 3rd consecutive candlesticks reversal pattern Doji.

Given the clear daily uptrend, S&P 500 index can be expected to rise to the next resistance level 7020.00 (upper border of the active sideways price range).

Source: https://fxpro.news

Table of contents