SPX Price Action Analysis | Swing & Scalping OpportunitiesSPX is currently at a key support zone, showing signs of bullish rejection. A potential long opportunity exists if a strong bullish candle forms, confirming the rejection.
Trade Plan:
📌 Entry: Around the highlighted support zone, once a bullish confirmation appears.
📌 Stop-Loss (SL): Below the rejection candle to minimize risk.
📌 Targets:
Scalping Target: Small resistance area (~5,815)
Medium Target: Next key resistance (~5,880)
Swing Target: Major resistance (~6,000)
If the price fails to hold the support and breaks below, we might reconsider the bullish bias. Keeping an eye on market sentiment and fundamentals is crucial.
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