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
about 4 Analysis per day.
With Clear entry point and target line with stopout zone
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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
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.
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.