• The index is in a bull trend, doing higher highs/lows;
• It seems it wants to correct today. If that’s the case, the next support level is at the 21 ema in the hourly chart;
• The 3,950 is another key point, and if the SPX loses it, we would see a sharper correction in the daily chart;
• In the daily chart, there’s a dual-support level around the 21 ema + 3,889;
• So far, there’s no clear bearish reversal structure, but the 4k seems to be a strong psychological key point. I’ll keep you updated on this.
Remember to follow me to keep in touch with my daily analyses!
• It seems it wants to correct today. If that’s the case, the next support level is at the 21 ema in the hourly chart;
• The 3,950 is another key point, and if the SPX loses it, we would see a sharper correction in the daily chart;
• In the daily chart, there’s a dual-support level around the 21 ema + 3,889;
• So far, there’s no clear bearish reversal structure, but the 4k seems to be a strong psychological key point. I’ll keep you updated on this.
Remember to follow me to keep in touch with my daily analyses!
🔴 Only 5% of traders manage to beat the market.
👉 Join the 5%: thefinancehydra.com/the5project/?utm_source=Tradingview&utm_medium=Signature&utm_campaign=Tradingview_Content
💲💲 Project 5%: + 104%
🔹 S&P500: +35%
💪 Public track record.
👉 Join the 5%: thefinancehydra.com/the5project/?utm_source=Tradingview&utm_medium=Signature&utm_campaign=Tradingview_Content
💲💲 Project 5%: + 104%
🔹 S&P500: +35%
💪 Public track record.