$SPX Possible Areas of Support
SPX Is sitting right on the 10 Week MA (covered by sloping trend line) and on the up-sloping trend line 1. The next area of support comes in on the horizontal support line around 4290. Below that are both the 40 Week MA (white) and trendline #2. Visiting any of these areas would not negate the overall uptrend. Nothing says any of these will hold. They are simply areas that I am interested in to see if buyers show up.Note; this is a weekly chart and the week has yet to finish.
This is in no way investing or trading advice. I’m simply sharing my thoughts on market structure. Comments always welcome. Thanks for looking.
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I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
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