S&P 500m
The S&P 500 is approaching a key lateral confluence at 4308/45312- a region defined by the August high-day close, the 61.8% retracement of the 2022 decline and channel resistance.
Looking for possible inflection / price exhaustion into this threshold.
A topside breach / close keeps the focus on the upper parallel (blue- currently ~4350s) and the April 2022 outside reversal close at 4393.
Initial support at the 25% parallel (currently ~4240s) with broader bullish invalidation now raised to the monthly opening-range low at 4166.
Michael Boutros, Sr Technical Strategist with FOREX.com
Twitter: MBForex
MBForex
Looking for possible inflection / price exhaustion into this threshold.
A topside breach / close keeps the focus on the upper parallel (blue- currently ~4350s) and the April 2022 outside reversal close at 4393.
Initial support at the 25% parallel (currently ~4240s) with broader bullish invalidation now raised to the monthly opening-range low at 4166.
Michael Boutros, Sr Technical Strategist with FOREX.com
Twitter: MBForex
MBForex
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.