SPX: Be AWARE of these KEY POINTS!
• In the 1h chart, the key resistance is the green line at 3,974, as this area was a multiple resistance for the index last week;
• Only if the index breaks its key resistance it could resume the bull trend and seek higher levels again, like the 4,083;
• On the other hand, the main support is the red area seen in the daily chart, and as long as the index stays above this area, it won’t reverse the mid-term bull trend;
• The mid-term trend is bullish because the index is doing higher highs/lows and it is trading above the 21 ema since October;
• The 3,911 seems to be the key support level, as only if the index loses this line it would do a technical reversal sign;
• For now, it seems the index is in a “no man’s land”, and we must wait for a proper reaction. I’ll keep you updated on this.
Remember to follow me to keep in touch with my daily analyses!
• Only if the index breaks its key resistance it could resume the bull trend and seek higher levels again, like the 4,083;
• On the other hand, the main support is the red area seen in the daily chart, and as long as the index stays above this area, it won’t reverse the mid-term bull trend;
• The mid-term trend is bullish because the index is doing higher highs/lows and it is trading above the 21 ema since October;
• The 3,911 seems to be the key support level, as only if the index loses this line it would do a technical reversal sign;
• For now, it seems the index is in a “no man’s land”, and we must wait for a proper reaction. I’ll keep you updated on this.
Remember to follow me to keep in touch with my daily analyses!
İlgili yayınlar
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.