S&P 500 / Toward ATH then Dropping
S&P 500 Technical Analysis:
The S&P tries to get their ATH and then will start a bearish trend if it can stabilize under 5675 or 5709. It will get 5584 and then should break 5584 to be a strong bearish trend this week.
Otherwise, if the price stabilizes above 5675 it will touch 5709, and stabilizing above 5709 will start a new bullish area
Key Levels:
Pivot Line: 5620
Resistance Levels: 5644, 5675, 5709
Support Levels: 5584, 5525, 5491
Expected Trading Range for Today: The price will fluctuate between 5584 and 5675.
Current Trend: First movement bullish to ATH and then bearish starting
The S&P tries to get their ATH and then will start a bearish trend if it can stabilize under 5675 or 5709. It will get 5584 and then should break 5584 to be a strong bearish trend this week.
Otherwise, if the price stabilizes above 5675 it will touch 5709, and stabilizing above 5709 will start a new bullish area
Key Levels:
Pivot Line: 5620
Resistance Levels: 5644, 5675, 5709
Support Levels: 5584, 5525, 5491
Expected Trading Range for Today: The price will fluctuate between 5584 and 5675.
Current Trend: First movement bullish to ATH and then bearish starting
Transaction en cours
still active on the same scenarioTrade fermée: cible de profit atteinte
SPx
Update with still running depending on the explanation below
Moving Well +300 pip ✅
- The price has dropped as expected, yielding a gain of approximately $60, and continues to trend bearish to get 5552 and 5525.
- The bearish outlook remains intact, particularly if the price stabilizes below 5584 with a daily candle close beneath this level.
- However, due to NVIDIA's positive earnings, a corrective move up to 5604 is possible, after that will continue its bearish trend
Timeframe 4h
Current price: 5571
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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.