SPX500USD| SELL PRESSURE
The price is currently attempting to stabilize above 6040, but these efforts seem weak, as the bearish trend remains dominant. This suggests that the price is likely to decline from the current zone or, alternatively, continue an upward correction until it reaches the next resistance level. If the correction scenario plays out, we expect the price to face renewed selling pressure at resistance, leading to a decline below 6040 and potentially 5992.
For a confirmed shift to a bullish trend, the price must break above its last high zone, as this would indicate a structural change in market direction, signaling a reversal of bearish momentum.
Tendency Keys: 6040
Resistance Line: 6099, 6122, 6160
Support Line: 6040, 5992, 5936
For a confirmed shift to a bullish trend, the price must break above its last high zone, as this would indicate a structural change in market direction, signaling a reversal of bearish momentum.
Tendency Keys: 6040
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%
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.
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.