SPX - Support & Resistance levels
Last Friday's bullish rally was on low volume and price matters how much volume takes place. It consolidated and found value at 2762 as it trapped into a range in the last 4 hours of the trading day.
Presently the market structure is in a range (sideways) and hence from the Renko chart I expect the market traveling to the following levels:
Resistance levels:
2770
2775
Support levels:
2744
2734
2711
Presently the market structure is in a range (sideways) and hence from the Renko chart I expect the market traveling to the following levels:
Resistance levels:
2770
2775
Support levels:
2744
2734
2711
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Related publications
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.