SPX | APPROACHING A BREAKOUT TO A NEW HIGH THEN DECLINE
The price is currently in an uptrend, moving within an ascending channel, which indicates continued bullish momentum. The resistance zone between 6099 and 6122 has been a significant barrier, but if the price manages to break through, it is expected to reach the next target at 6160. This level aligns with the upper boundary of the channel, making it a key area for potential price exhaustion or reversal.
Once the price touches 6160, selling pressure is likely to increase, leading to a decline. The bearish reaction is justified by historical price rejections near similar levels. Additionally, the presence of a bearish gap reinforces the probability of a downward move. The price is expected to drop towards the support zone between 5937 and 5872, where buyers may step in again to maintain the broader bullish structure.
Once the price touches 6160, selling pressure is likely to increase, leading to a decline. The bearish reaction is justified by historical price rejections near similar levels. Additionally, the presence of a bearish gap reinforces the probability of a downward move. The price is expected to drop towards the support zone between 5937 and 5872, where buyers may step in again to maintain the broader bullish structure.
Transaction en cours
As previously mentioned, the price has initiated a bullish trend, surpassing the resistance barrier and stabilizing above 6040. Therefore, we should wait for it to break through the previous high zones of 6099 and 6122 to reach a new peak.
about 4 Analysis per day.
With Clear entry point and target line with stopout zone
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With Clear entry point and target line with stopout zone
~900 pips per week —— Accuracy more than 88%
with best learning
Be Stronger With us
THANKS for your support
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.
about 4 Analysis per day.
With Clear entry point and target line with stopout zone
~900 pips per week —— Accuracy more than 88%
with best learning
Be Stronger With us
THANKS for your support
With Clear entry point and target line with stopout zone
~900 pips per week —— Accuracy more than 88%
with best learning
Be Stronger With us
THANKS for your support
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.