S&P 500: Bearish Momentum Below 5927 S&P 500
Technical Analysis
The price dropped perfectly as we mentioned in the previous idea
so now still has a bearish volume to get 5891 and 5863 as long as it trades below 5927
otherwise, it should close 4h candle above 5928 to be bullish till 5952 and 5972
Key Levels:
Pivot Point: 5927
Resistance Levels: 5952, 5972, 5989
Support Levels: 5891, 5863, 5833
Trend Outlook:
- Bearish Trend while below 5927
- Bullish trend if break 5939
previous idea