SPX - First target: Reached
* Remember to support with LIKE and FOLLOW me for more analysis *
SPX is doing what it should, which is follow the trend. If you missed my previous analysis, check it here and follow me for more updates:
Now, remember that I said the SPX could do a pivot in the hourly chart? Here it goes:
Now, the biggest challenge SPX has right now is to maintain the price at that level. If that’s not the case, the market will see this as a possible double top, a scenario that would be confirmed if SPX loses the 2723 zone.
But, until now, the market is in a bullish trend and just reached its first target. Let’s see if the bulls will have the strength to maintain the trend. Keep in touch for daily analysis.
* LIKE this idea and FOLLOW me, because:
- Here, you will see clean charts;
- Trades with clear risk management;
- The best of Dow Theory, Price Action and Candlestick psychology;
- Chart patterns with statistics. *
* My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
SPX is doing what it should, which is follow the trend. If you missed my previous analysis, check it here and follow me for more updates:
Now, remember that I said the SPX could do a pivot in the hourly chart? Here it goes:
Now, the biggest challenge SPX has right now is to maintain the price at that level. If that’s not the case, the market will see this as a possible double top, a scenario that would be confirmed if SPX loses the 2723 zone.
But, until now, the market is in a bullish trend and just reached its first target. Let’s see if the bulls will have the strength to maintain the trend. Keep in touch for daily analysis.
* LIKE this idea and FOLLOW me, because:
- Here, you will see clean charts;
- Trades with clear risk management;
- The best of Dow Theory, Price Action and Candlestick psychology;
- Chart patterns with statistics. *
* My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
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