A swift evaluation is conducted based on a single day without look back.
SPX is currently in a bear trend.
Prices are trading in a range of approximately 46.66 points/ticks/pips per trade period.
Price strength is suggesting a possible follow on range of 2791.17 - 2848.85.
Prices are consolidating between 2797.85 - 2954.86.
If strength and trend continue, SPX is trying to reach 2773.23.
It could take between 1 to 2 trade periods to reach the projection.
Suggested stops in a Bearish environment.
Last Price + (ATR * 1.5): 2890.00
The trend moving average: 2842.93
SAR: 2954.86
SPX is currently in a bear trend.
Prices are trading in a range of approximately 46.66 points/ticks/pips per trade period.
Price strength is suggesting a possible follow on range of 2791.17 - 2848.85.
Prices are consolidating between 2797.85 - 2954.86.
If strength and trend continue, SPX is trying to reach 2773.23.
It could take between 1 to 2 trade periods to reach the projection.
Suggested stops in a Bearish environment.
Last Price + (ATR * 1.5): 2890.00
The trend moving average: 2842.93
SAR: 2954.86
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.