Indice S&P 500
Long

SPX bottoming

221
Main target zone was hit!

4120SPX is the main resistances now
4000, 4056-35, 4115 (must hold for continuation lower)

- Next target is the ideal target 3935-55SPX (3932-34ES) - HIT!!!
- 3900, 3850-30 are next supports (can turn any time, not trading those unless day trading trend)

Buy zone for tomorrow (Hit)
- 3935-55SPX Main buy targets!!! BUY BUY BUY

Main Short 4220, no short above 4240, next and ideal target is 4300
Intraday short 4056-35SPX

Main pathway
- Low (intraday) was on the 11th;
- Long from 3935-55SPX

- final low May 10-11 at 3933-55SPX - Hit!!!
- rally for a week or 2 back to 4420 - 4300 (9+%),
- retrace back to under 4k in June

Main target for the upside is 4380-90 and 4425-40SPX (4300 main resistance on the way up)
Potential higher extension (ATH bull callers trap) around 4600SPX sometime in Aug


Larger ABC pathway down into Oct low to 3500-90SPX or more next year 2023 - 3000-3200SPX zone

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.