S&P 500 IndexLong
SPX| TWO SCENARIOS AHEAD...
The price is currently trading at a sensitive area just below the last resistance high, leading to two possible scenarios.
In the first scenario, if the price continues trading below this resistance level, short-term declines are expected. A confirmed bearish trend would emerge if the price breaks below 5992, especially with a 4-hour candle closing beneath this level. There is also a possibility of a slight upward movement to retest the resistance before resuming the decline.
In the second scenario, if the price crosses above the last resistance high, the next target would be 6160, marking the formation of a new high.
Tendency Keys: 6099 - 6122
Resistance Line: 6099, 6122, 6160
Support Line: 6040, 5992, 5936
In the first scenario, if the price continues trading below this resistance level, short-term declines are expected. A confirmed bearish trend would emerge if the price breaks below 5992, especially with a 4-hour candle closing beneath this level. There is also a possibility of a slight upward movement to retest the resistance before resuming the decline.
In the second scenario, if the price crosses above the last resistance high, the next target would be 6160, marking the formation of a new high.
Tendency Keys: 6099 - 6122
Resistance Line: 6099, 6122, 6160
Support Line: 6040, 5992, 5936
about 4 Analysis per day.
With Clear entry point and target line with stopout zone
~900 pips per week —— Accuracy more than 88%
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With Clear entry point and target line with stopout zone
~900 pips per week —— Accuracy more than 88%
with best learning
Be Stronger With us
THANKS for your support
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
about 4 Analysis per day.
With Clear entry point and target line with stopout zone
~900 pips per week —— Accuracy more than 88%
with best learning
Be Stronger With us
THANKS for your support
With Clear entry point and target line with stopout zone
~900 pips per week —— Accuracy more than 88%
with best learning
Be Stronger With us
THANKS for your support
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.