S&P 500 holds steady ahead of US-Iran talks

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S&P 500 holds steady ahead of US-Iran talksUS SP 500 CFDFOREXCOM:SPX500FOREXcomUS stock markets were stabilizing again after Al Jazeera reported that the Iranian delegation was expected to arrive in Islamabad on Tuesday morning, around the same time as the American delegation. Looks like talks will take place ahead of the ceasefire deadline and we could yet see a deal. For now, stocks are finding some support. The H1 chart of SPX500 shows a couple of hammer-like candles in the past couple of hours, with broken resistances being defended. Old record high at 7013 is a key level to watch on any meaningful dips, with interim supports at 7051 and 7090. Resistance was tested earlier at 7122. A break above the latter could pave the way for a test of last week's high at 7148. By Fawad Razaqzada, market analyst with FOREX.com