SNP500 / SPX
🔍 SPX Analysis: Navigating the Upcoming Market Movements 📉
The SPX chart presents key dates that traders should focus on:
September 18, 2024 & December 3, 2024 & February 3, 2025 - Green Lines: These dates indicate potential local lows. These could offer strategic opportunities for accumulating positions as the market is likely to bounce back from these points.
November 11, 2024 & March 10, 2025 - Red Lines: These dates are projected to be local peaks. Traders should consider taking profits around these times, as the market could face resistance or start to decline.
Currently, the SPX is in a downtrend, with a potential reversal expected around September 18, 2024. This could be an optimal point for re-entering the market or adding to existing positions.
#SPX #StockMarket #MarketAnalysis #Trading #Investing #S&P500
The SPX chart presents key dates that traders should focus on:
September 18, 2024 & December 3, 2024 & February 3, 2025 - Green Lines: These dates indicate potential local lows. These could offer strategic opportunities for accumulating positions as the market is likely to bounce back from these points.
November 11, 2024 & March 10, 2025 - Red Lines: These dates are projected to be local peaks. Traders should consider taking profits around these times, as the market could face resistance or start to decline.
Currently, the SPX is in a downtrend, with a potential reversal expected around September 18, 2024. This could be an optimal point for re-entering the market or adding to existing positions.
#SPX #StockMarket #MarketAnalysis #Trading #Investing #S&P500
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