This technical analysis of the S&P 500 Index (1-hour chart) highlights a descending channel with clear support and resistance levels. The price has been consistently rejected at resistance and finding support within the trend. A potential breakout from the downtrend could lead to a bullish reversal, targeting 5720.
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Write a comment with your altcoin + hit the like button, and I will make an analysis for you in response. Trading is not hard if you have a good coach! This is not a trade setup, as there is no stop-loss or profit target. I share my trades privately. Thank you, and I wish you successful trades!
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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.