S&P 500 Index
Short
Updated

decline direction

248
SPX500USD

- Tendency :

the price is a decline direction 5,309

- Turning level :

The turning level is at 5,309 where price has now stabilized at the bottom

- resistance level :

Breaking the turning level 5,309 , the price will rise to 5,324 and 5,342

- support level :

the price stabilizing below 5,309 the price will reach the support level of 5,275 and 5,249

- corrective level :

price will attempt in 5,309 to correct itself before falling
Note
As mentioned, the price is under downward pressure and reached our first target of 5275. To reach the second target, it needs to trade below 5275 to reach 5249

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