S&P 500 IndexLong
S&P500 INDEX / bearish or still bullish confirmation...
S&P 500 Technical Analysis
The price has stabilized below the support level at 5,935, indicating a continuation of the bearish trend toward 5,863. If it breaks below this level, the next target would be 5,808.
On the other hand, a 4-hour candle closing above 5,935 is required to confirm a bullish trend, with a target of 5,969.
Key Levels:
Pivot Point: 5935
Resistance Levels: 5969, 6022, 6053
Support Levels: 5863, 5790, 5820
Trend Outlook:
Bearish: Stability below 5,935
Bullish: If 5,935 is broken
The price has stabilized below the support level at 5,935, indicating a continuation of the bearish trend toward 5,863. If it breaks below this level, the next target would be 5,808.
On the other hand, a 4-hour candle closing above 5,935 is required to confirm a bullish trend, with a target of 5,969.
Key Levels:
Pivot Point: 5935
Resistance Levels: 5969, 6022, 6053
Support Levels: 5863, 5790, 5820
Trend Outlook:
Bearish: Stability below 5,935
Bullish: If 5,935 is broken
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