SPX: We nailed another TARGET! What's next?
• The index hit our target at 4,083, as it behaved exactly as we expected yesterday, but it seems it is losing strength now. The link to my previous analysis is below this post, as usual.
• So far, it is doing a Shooting Star candlestick pattern. Considering it is just under a key resistance, this might be a top sign.
• The trend is still clearly bullish, and any pullback to the 21 ema, or even to the 3,974 is acceptable, and would just be an opportunity to buy.
• Only if the index drops below this dual-support area made by the 21 ema - 3974 it would frustrate this bullish sentiment. As long as it stays above it, the bullish bias will persist.
• What if it breaks the 4,100? Then the 4,200 will be the next resistance to work with. I’ll keep you updated on this.
Remember to follow me to keep in touch with my daily analyses!
• So far, it is doing a Shooting Star candlestick pattern. Considering it is just under a key resistance, this might be a top sign.
• The trend is still clearly bullish, and any pullback to the 21 ema, or even to the 3,974 is acceptable, and would just be an opportunity to buy.
• Only if the index drops below this dual-support area made by the 21 ema - 3974 it would frustrate this bullish sentiment. As long as it stays above it, the bullish bias will persist.
• What if it breaks the 4,100? Then the 4,200 will be the next resistance to work with. I’ll keep you updated on this.
Remember to follow me to keep in touch with my daily analyses!
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