S&P 500 Analysis: Approaching All-Time High with Critical Levels

22 Oca

S&P 500 Analysis

The price has risen approximately 1.00% since yesterday, driven by strong earnings results. It is currently aiming to reach the (ATH) of 6100. A pullback to 6073 and 6051 is likely if the price stabilizes below this level.

However, if a 4-hour candle closes above 6100, the bullish trend is expected to continue, targeting 6143.

Key Levels:
Pivot Point: 6100
Resistance Levels: 6120, 6143
Support Levels: 6073, 6051, 6020

Trend Outlook:
Bullish if the ATH of 6100 is broken.
Bearish while the price remains below 6100.

previous idea:

23 Oca

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S&P 500
Live Update

The price reached ATH which is 6108 and reversed as we anticipated.

However, as long as trades below 6103 it will drop to 6051 especially if closes 1h candle 6074.

To be bullish, it should break 6103 by closing the 4h candle to be a bullish trend.

Key Levels:
Pivot Point: 6088
Resistance Levels: 6103, 6120, 6143
Support Levels: 6051, 6020, 6000

Trend Outlook:
Bullish if the ATH of 6103 is broken.
Bearish while the price remains below 6100