Get started
S&P 500 Index
Long

SPX500USD ( TRADING ABOVE SUPPORT LEVEL(1) ) ( 4H )

By ArinaKarayi
SPX500USD

HELLO TRADERS

  • Tendency, the price is under bullish pressure , until the price trading above support level (1) at 5,206 .

  • Upward Zone : until the price trading above 5,206 , refers active upward zone , currently the price trading above turning level at 5,267 , to rising inside resistance zone between 5,344 & 5,411 , first thing for this rising reach of a resistance level (1) at 5,344 , by closing 4h candle above it easily reach next level at 5,411 , to confirm a rising , the price should be breaking resistance zone because in this zone have been many sales before .

  • Downward Zone: should the price reserve and breaking turning level at 5,267 , indicates dropping to support level (1) around 5,206 , to confirm true decline , the price it will be breaking 5,267 , by closing 4h candle below it to reach support level (2) at 5,124 , called support zone have been buying increase in this zone before .

  • Corrective level :Price may make a correction at 5,267 & 5,206 , before rising .


TARGET LEVEL :
  • RESISTANCE LEVEL : 5,344 , 5,411 .
  • SUPPORT LEVEL : 5,206 , 5,124 .
Chart PatternsHarmonic PatternsIndicesS&P 500 (SPX500)US SPX 500supply_and_demandsupportandresistancezonestradinganalysistradingideastradingsignalsTrend Analysistrendtrading
ArinaKarayi

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.