S&P 500 Index
Short

SPX/ Preparing toward New High

100
There is a narrow gap between the current price and the previous high. It is advisable to wait for the price to approach the zone between 6,099 and 6,026. If this zone is crossed, particularly with a 4-hour candle closing above it, the price is likely to target a new high at 6,160. However, this zone could also act as a reversal point, pushing the price back towards 5,997 or even below that level, 5,938.

Tendency Keys: 6,026
Resistance Line: 6,026, 6,099, 6,160
Support Line: 5,997, 5,938, 5872

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.