S&P 500 IndexShort
SPX (Facing the 5,938 and 5,997 zone)
Summary: The SPX price has stabilized below the zone of 5,938 and 5,997, which serves as a strong resistance area, supporting the bearish trend.
Uptrend Side: A breakout above the 5,938 and 5,997 zone would need a 4-hour or daily candle to close above these levels to confirm the upward move. This is necessary because such a close would provide confirmation that the price has successfully overcome the resistance, indicating a shift in market sentiment and the potential for a sustained bullish trend.
Downtrend Side: The bearish trend will remain active as long as the price trades below the 5,938 and 5,997 resistance zone. In this scenario, the levels of 5,671 and 5,796 will serve as our target for further price declines.
Tendency Keys: 5,938 and 5,997
Uptrend Side: A breakout above the 5,938 and 5,997 zone would need a 4-hour or daily candle to close above these levels to confirm the upward move. This is necessary because such a close would provide confirmation that the price has successfully overcome the resistance, indicating a shift in market sentiment and the potential for a sustained bullish trend.
Downtrend Side: The bearish trend will remain active as long as the price trades below the 5,938 and 5,997 resistance zone. In this scenario, the levels of 5,671 and 5,796 will serve as our target for further price declines.
Tendency Keys: 5,938 and 5,997
about 4 Analysis per day.
With Clear entry point and target line with stopout zone
~900 pips per week —— Accuracy more than 88%
with best learning
Be Stronger With us
THANKS for your support
With Clear entry point and target line with stopout zone
~900 pips per week —— Accuracy more than 88%
with best learning
Be Stronger With us
THANKS for your support
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.