SPx / Critical Levels to Watch for Bullish or Bearish Momentum

30 Eki 2024

S&P 500 Index Technical Analysis:

To initiate a downside move, the price needs to stabilize below 5,863. However, any quick break above 5,863 would likely propel the price towards 5,891.

Bearish Scenario: Stability below 5,863 would open the path to 5,824 and 5,803. A 4-hour candle close below 5,781 would activate a stronger bearish zone, allowing for further declines.

Bullish Scenario: A successful breakout above 5,863 would signal potential for a move to 5,891. A further break above 5,891 would confirm the bullish trend, with an extended target of 5,939.

Key Levels:
Pivot Point: 5863
Resistance Levels: 5891, 5939
Support Levels: 5824, 5803, 5781

Trend Outlook:
Bearish below 5863
Bullish above 5863 and 5891

31 Eki 2024

İşlem kapandı: hedefe ulaştı

SPx
Live Update

Technical Analysis

The price has dropped approximately 1.5% as anticipated and continues to show bearish momentum while trading below 5,781.

Bearish Scenario: Sustained stability below 5,781 could lead to a decline towards 5,732. A 1-hour or 4-hour candle close below 5,732 would activate the next bearish zone.

Bullish Scenario: A reversal and stabilization above 5,803 would signal potential for an upward move towards 5,824 and 5,850.
Bullish scenario: the price should reverse and stabilize above 5803 to get 5824 and 5850


Key Levels:
Pivot Point: 5781
Resistance Levels: 5803, 5824, 5852
Support Levels: 5732, 5675, 5643

Trend Outlook:
- Bearish while below 5781
- Consolidation 5781 and 5803

31 Eki 2024

İşlem kapandı: hedefe ulaştı

#SPx
Update

Moving Well +250 pip ✅

the price dropped as we mentioned and now should break 57312 by closing 4h candle under it to be more bearish till 5675

Timeframe 4h,1h
current price 5744