SPX: Another Target Hit (Again)! 🎯 What's Next?
• We nailed another target on the SPX, as it hit the target we set yesterday at 4,015 (link to my previous analysis is below this post, as usual);
• Now, it seems the 4k area is working as a resistance;
• If SPX breaks the 4,015, then it’ll resume the bullish sentiment, and seek the next resistance around 4,100;
• There’s no top sign, or bearish structure on the SPX yet, but if we see one, this might frustrate the bullish thesis on it;
• A pullback to the 21 ema is acceptable, or even to the 3,889 again. But if it loses the 3,889 we might see a bearish reversal structure;
• It all depends on how it’ll react around the 4k. I’ll keep you updated on this.
Remember to follow me to keep in touch with my daily analyses!
• Now, it seems the 4k area is working as a resistance;
• If SPX breaks the 4,015, then it’ll resume the bullish sentiment, and seek the next resistance around 4,100;
• There’s no top sign, or bearish structure on the SPX yet, but if we see one, this might frustrate the bullish thesis on it;
• A pullback to the 21 ema is acceptable, or even to the 3,889 again. But if it loses the 3,889 we might see a bearish reversal structure;
• It all depends on how it’ll react around the 4k. I’ll keep you updated on this.
Remember to follow me to keep in touch with my daily analyses!
⚠️ Want to take your trading to the next level?
👉 Join the Finance Hydra VIP Mentorship - 6 weeks of mentoring with weekly meetings and ongoing support. Limited places available!
✅ Find out more and sign up: thefinancehydra.com
👉 Join the Finance Hydra VIP Mentorship - 6 weeks of mentoring with weekly meetings and ongoing support. Limited places available!
✅ Find out more and sign up: thefinancehydra.com
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.