SPX500USD - Direction Pending
- Price is currently sitting below major support flipped resistance
- It will need to push and close a higher time frame (8hr) candle above the 3,690 area - or else we will see greater downside
- Bulls are starting to run out of time to support this key area
I would advise not to swing trade this level. These range bound moves are for day traders only due to market uncertainty.
I will provide more day-to-day updates on the S&P going forward.
Cheers!
- It will need to push and close a higher time frame (8hr) candle above the 3,690 area - or else we will see greater downside
- Bulls are starting to run out of time to support this key area
I would advise not to swing trade this level. These range bound moves are for day traders only due to market uncertainty.
I will provide more day-to-day updates on the S&P going forward.
Cheers!
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