SPX: Gap filled, another target hit! Next KEY POINTS!
• The index filled our gap at 3,818, which was our target since my public analysis on Dec 15 (link below, as usual);
• Now, it is trying to lose this technical key point. In this scenario, the bear trend will just continue, and the next technical support is the next bottom at 3,744;
• So far, there’s no evidence of a bottom on SPX yet, as it lacks bullish reaction;
• If SPX reacts, it could easily bounce again to higher levels, but as long as it stays under the 21 ema in the daily chart, the trend will remain bearish;
• We see five bearish candlesticks in a row, which is quite uncommon to see. Either way, the 3,818 is still a key point, as if the index reacts above this area, it still might work as a support.
• I’ll keep you updated on this.
Remember to follow me to keep in touch with my daily analyses!
• Now, it is trying to lose this technical key point. In this scenario, the bear trend will just continue, and the next technical support is the next bottom at 3,744;
• So far, there’s no evidence of a bottom on SPX yet, as it lacks bullish reaction;
• If SPX reacts, it could easily bounce again to higher levels, but as long as it stays under the 21 ema in the daily chart, the trend will remain bearish;
• We see five bearish candlesticks in a row, which is quite uncommon to see. Either way, the 3,818 is still a key point, as if the index reacts above this area, it still might work as a support.
• I’ll keep you updated on this.
Remember to follow me to keep in touch with my daily analyses!
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