SPX500: 3400 - 3600
Last four days, were very bullish (we did not have 4 green D1 candles for over 1 month!), thanks tothat SPX500 escaped from bearish channel (green dashed line), and get back to the bullish channel (yellow lines). Despite today drop at the end of the market, we are still in UP trend. If SPX500 will be able to go through 3160-3180 (unfortunately today it failed for the 4th time), it's very possible that it will reach 3450$ (most probably), or even 3600$ (very very optimistic variant)! If it will keep bouncing on 3160$ level (or near to it), we will probably get back to 3020 (white dashed line is support in this area).
Keep in mind, that indexes are very variable, so trade carefully!
Keep in mind, that indexes are very variable, so trade carefully!
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.