SPX - NEW Record

Updated
As previously analyzed, the price is expected to fall before rising above the 5360 level. Currently, the price is advancing towards our target and approaching our new resistance at 5399 and 5475. Upon reaching and maintaining stability above this level, it is anticipated to reach a high of 5440. It is important to note that the price may drop to the support level of 5360 before rising as part of a correction. If the price remains below the 5360 level, it is likely to decline further to 5325, as indicated by a 4-hour candle.


Tendency: Long 5371
Target station: (5399, 5440, 5475).
Trade closed: target reached
the price moving well, as we mentioned. hitting the second target and stabilizing above 5440 will support the price to get the third target, 5475.
Note
the price stabilized under the last high resistance level (5440) and will fall until 5399. then the price will trade inside this zone
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