S&P 500 IndexShort
SPX - Bearish Tendency
The SPX price is forecasted to rise to the resistance level of 5486 as part of a corrective movement. After this increase, a downward trend is expected to resume, with the price likely falling below the support level of 5459 due to the ongoing bearish market conditions. Should the price stabilize below 5438, a further decline to 5404 is anticipated.
For the market to shift to a bullish trend, it is crucial for the price to stabilize above 5486. This change in trend will be confirmed by a 4-hour candle closing above this level, after which the price is expected to advance towards 5500.
For the market to shift to a bullish trend, it is crucial for the price to stabilize above 5486. This change in trend will be confirmed by a 4-hour candle closing above this level, after which the price is expected to advance towards 5500.
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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
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