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S&P 500 Index
Long

S&P500 SPX Key-Levels - expecting a 3% move down. Then moon ;)

By MeruEU

  • Going forward into the second half of 2024 I have given some key levels for you to have a look at. They mainly consist of yearly Key- Fibonacci levels.
  • as long as we stay in the black channel I would expect a rebound from the 5390-5410 area.
  • However - a break below and a bearish chartpattern on lower timeframes will be closely monitored to see if we could retest the important level of 5180-5100.
  • The Quarterly Candle will close bullish - so we expect a bullish continuation as well.

Chart PatternsTechnical IndicatorsTrend Analysis
MeruEU

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