After a strong recovery from April lows, US equities have climbed back into a major resistance zone around 4,555. Price recently retested the 4,435 level and bounced strongly, suggesting bullish momentum may be building.
Support at: 4,435.04 🔽, 4,344.51 🔽
Resistance at: 4,555.95 🔼, 4,650.00 🔼, 4,760.00 🔼
🔎 Bias:
🔼 Bullish: Sustained break and daily close above 4,555.95, targeting 4,650 and beyond.
🔽 Bearish: Rejection from this resistance zone and a close below 4,435.04 could trigger a retracement toward 4,344.51 or lower.
📛 Disclaimer: This is not financial advice. Trade at your own risk.
Support at: 4,435.04 🔽, 4,344.51 🔽
Resistance at: 4,555.95 🔼, 4,650.00 🔼, 4,760.00 🔼
🔎 Bias:
🔼 Bullish: Sustained break and daily close above 4,555.95, targeting 4,650 and beyond.
🔽 Bearish: Rejection from this resistance zone and a close below 4,435.04 could trigger a retracement toward 4,344.51 or lower.
📛 Disclaimer: This is not financial advice. Trade at your own risk.
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.
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.