SPX500 Technical Analysis
The price is consolidating near 6,142, testing the all-time high without a strong breakout. If it breaks and sustains above 6,198, the bullish trend may continue, leading to new highs. However, the presence of a rising wedge suggests a potential reversal if resistance holds.
If the price fails to break higher, a retracement toward 6,074 is likely. A confirmed bearish trend would require breaking below 6,038 and 6,002.
The key zone between 6,142 and 6,198 will determine the next move. Holding below resistance could lead to a bearish correction, while a breakout above 6,198 would signal further bullish momentum.
Agree or disagree? Let’s discuss in the comments. Your market perspective matters!
The price is consolidating near 6,142, testing the all-time high without a strong breakout. If it breaks and sustains above 6,198, the bullish trend may continue, leading to new highs. However, the presence of a rising wedge suggests a potential reversal if resistance holds.
If the price fails to break higher, a retracement toward 6,074 is likely. A confirmed bearish trend would require breaking below 6,038 and 6,002.
The key zone between 6,142 and 6,198 will determine the next move. Holding below resistance could lead to a bearish correction, while a breakout above 6,198 would signal further bullish momentum.
Agree or disagree? Let’s discuss in the comments. Your market perspective matters!
Trade closed: target reached
Profit isn’t about luck, it’s about strategy. Get free signals and trade smarter: Telegram Channel [t.me/ArinaMarketAnalysis].
The market is waiting—you can make money, and you should.
The market is waiting—you can make money, and you should.
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.
Profit isn’t about luck, it’s about strategy. Get free signals and trade smarter: Telegram Channel [t.me/ArinaMarketAnalysis].
The market is waiting—you can make money, and you should.
The market is waiting—you can make money, and you should.
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.