SPX: Critical Levels and Volatility Ahead Amid Key Data Releases
Technical Analysis
The price is likely to attempt a retest around 5,761 or 5,781, after which a renewed bearish trend could push it toward 5,675 and 5,643.
Bearish Scenario: Consistent stability below 5,781 may lead to a downward move targeting 5,732. A 1-hour or 4-hour candle close below 5,732 could activate the next bearish zone.
Bullish Scenario: Should the price stabilize above 5,746, some bullish momentum may emerge toward 5,781. However, a reversal with stability above 5,803 would signal potential movement upwards, with targets at 5,824 and 5,850.
Further Bearish Continuation: For a deeper decline, the price should establish stability below 5,732 and 5,715, paving the way for a drop toward 5,675.
Today’s market is expected to be highly volatile due to the release of the NFP, Unemployment Rate data, and earnings reports, which will likely have a strong impact on indices.
Key Levels:
Pivot Point: 5748
Resistance Levels: 5781, 5803, 5824
Support Levels: 5709, 5675, 5643
previous idea:
The price is likely to attempt a retest around 5,761 or 5,781, after which a renewed bearish trend could push it toward 5,675 and 5,643.
Bearish Scenario: Consistent stability below 5,781 may lead to a downward move targeting 5,732. A 1-hour or 4-hour candle close below 5,732 could activate the next bearish zone.
Bullish Scenario: Should the price stabilize above 5,746, some bullish momentum may emerge toward 5,781. However, a reversal with stability above 5,803 would signal potential movement upwards, with targets at 5,824 and 5,850.
Further Bearish Continuation: For a deeper decline, the price should establish stability below 5,732 and 5,715, paving the way for a drop toward 5,675.
Today’s market is expected to be highly volatile due to the release of the NFP, Unemployment Rate data, and earnings reports, which will likely have a strong impact on indices.
Key Levels:
Pivot Point: 5748
Resistance Levels: 5781, 5803, 5824
Support Levels: 5709, 5675, 5643
previous idea:
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my free signals channel telegram
t.me/Srosh_signals
~6 analyses per day. With a clear entry point
more than 1000 pip per week —— Accuracy +88%
SM World and Economy News 24/7
Urgent News ⚡️:
t.me/SM_News_24h
t.me/Srosh_signals
~6 analyses per day. With a clear entry point
more than 1000 pip per week —— Accuracy +88%
SM World and Economy News 24/7
Urgent News ⚡️:
t.me/SM_News_24h
Publications connexes
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.