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S&P 500 Index
Updated

SPX hitting huge excess area, which way will it go next?

274
As you can see, the price is sitting in a large excess range, trying to push higher with the bullish momentum since the opening. Looks like it is feeling lots of selling pressure. But if we can break up and into the higher naked value area, there is great opportunity for a bull run to the value area high. Otherwise, we might go back to the value area from yesterday's price action. What's your take?? Will we go up or down?
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Looks like it went to the upside. See my subsequent post:
SPX, looking for long up to Value Area High
PtGambler
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excessmarketprofilePOCpointofcontrolSPX (S&P 500 Index)S&P 500 (SPX500)Supply and DemandSupport and ResistanceTPOvaluearea

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excessmarketprofilePOCpointofcontrolSPX (S&P 500 Index)S&P 500 (SPX500)Supply and DemandSupport and ResistanceTPOvaluearea
PtGambler
Purchases / Subscriptions / Support - buymeacoffee.com/ptgambler
PayPal - paypal.me/PtGambler

You can reach me privately through my Discord Channel: discord.gg/WMQfaVGyQC
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.