SPX - Strong BULLISH

4 déc.

According to our analysis, the price has been trending higher since yesterday. Before reaching the new resistance at 6080, the price is expected to visit the correction zone to consolidate and gather positive momentum. Following this, we anticipate a further rise, breaking the 6080 resistance and targeting the 6160 level. Negative pressure will be triggered if the price closes a daily candle below the 6026 level. Meanwhile, futures tied to the S&P 500 have advanced by 0.17% today, signaling broader market optimism and reinforcing the upward potential in the near term.

Tendency Keys: 6080

5 déc.

Transaction en cours

Update


The price has risen and surpassed the resistance level of 6,080, establishing a new high, indicating strong bullish momentum. This breakout suggests that buyers are in control and aiming for the next target at 6,160. However, corrections are common after such movements, as traders may take profits or the market consolidates to test the previous resistance, which could now act as a support level. Therefore, a pullback toward 6,080 or slightly below may occur before the uptrend resumes, allowing for stabilization and potential re-entry by buyers.

Beware of sudden strong corrections

Tendency Keys: 6080