Price has approached the upper border of the mid-term resistance zone: 598-612.
Until price closes bellow 612, I am preparing for the start of a correction to mid-term support: 564-540.
If price moves confidently above 612, than next resistance target is at 635 level.
The macro-structure of the uptrend from 2022 lows is well intact until price holds above 540 level and assumes higher targets for 2025 at 635-640-670 levels.
I wish everyone Merry Christmas and successful and profitable 2025!
Thank you for your attention.
Until price closes bellow 612, I am preparing for the start of a correction to mid-term support: 564-540.
If price moves confidently above 612, than next resistance target is at 635 level.
The macro-structure of the uptrend from 2022 lows is well intact until price holds above 540 level and assumes higher targets for 2025 at 635-640-670 levels.
I wish everyone Merry Christmas and successful and profitable 2025!
Thank you for your attention.
Note
SPY: Until price is below today's highs, next support levels are 570-530 levels. Trade closed: target reached
Last Friday price revered in close proximity to the first important level of support, potentially marking a temporary bottom for the first leg of decline If Friday’s lows hold: Expecting a bounce to 583–596 (possible ext. 603)
If Friday’s lows break: Next support 559–555
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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.
Делюсь аналитикой и личным опытом работы на финансовых рынках на реальных примерах и результатах, без платных подписок и курсов: t.me/marketartistry
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.