In my view SPX target from 2020 low @2100 is 6400; Critical area in my point of view is 5500-5530 where a bearish correction could occur to target 4250 area where the long term bullish trend will resume to 6400 target in 2027;
If 5530 area will be broken then SPC could target 6400 in March 2025.
I will short spx @5500 stop loss 5550 target 4250.
If 5530 area will be broken then SPC could target 6400 in March 2025.
I will short spx @5500 stop loss 5550 target 4250.
Trade active
The target area 5500-5530 has shown big resistance , we'll se if it was a reverse zone to target 4235-4255 area in 2025
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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.