S&P Reached An Important Decision Level
After bouncing back from the demand zone and uptrend line (as described in point #3 on tradingview.com/chart/SPX/xxtN9QDv-The-Next-Support-Lines-Demand-Zones-for-SPX/), the index is now testing the upper trend line around 3090. Closing above it on the 4H / daily chart will enable the price to go all the way up to 3210-3240 (upper demand zone that's been broken).
Failing to go above it might push the price lower back to 2910 or lower.
Failing to go above it might push the price lower back to 2910 or lower.
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.