S&P 500 Fails Into Stock Market Closing Bell | Technical Analysis Stock Market Review

In Today's S&P 500 Technical Analysis Daily Update I discuss the news around Federal Reserve Chairman Jerome Powell and Treasury Secretary Steve Mnuchin testifying earlier earlier today and how the hearing didn't have a big impact on markets.

The SP500 (S&P 500) snapped its three day winning streak on what Wall Street calls Turnaround Tuesday. This brought the price of the SP500 back between the 61% and 50% Fibonacci Retracement level.

I will be discussing the S&P 500 Technical analysis through multiple timeframes to get a good understanding where the stock market is heading. Are we in a bull trap? Are we heading higher? Or will we continue to ping pong within these prominent areas of support and resistance?

If you have any questions, please leave them in the comment section below!

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DISCLOSURE: I am not a professional investment advisor, nor do I claim to be. All my videos are for entertainment and educational purposes only