S&P 500 IndexShort
SPX/ Bearish Continuation or Bullish Reversal?
The price is currently trading within a descending channel. A bullish retest has occurred toward the upper boundary of the channel. After this, we expect the bearish trend to resume, aiming for a level beneath 5,938. A close below this level on the 1-hour candle would likely push the price further down to 5,938.
To transition to an uptrend, the price needs to settle above the channel and surpass 5,997 with a closing 1-day candle.
Tendency Keys: 5997
Resistance Line: 5997, 6026, 6099
Support Line: 5936, 5872, 5806
To transition to an uptrend, the price needs to settle above the channel and surpass 5,997 with a closing 1-day candle.
Tendency Keys: 5997
Resistance Line: 5997, 6026, 6099
Support Line: 5936, 5872, 5806
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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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