Hello traders and investors! Let’s see how the SPX is doing today!
As we mentioned yesterday, the fight is not going to be easy here, and the index lost its support level yesterday, and it filled the gap as we thought. Now we have some new key points to watch.
The 50% Fibonacci’s retracement is trying to hold the price for now, and the next retracement is the 61.8%. There’re more, but let’s work with these. Any bullish reaction confirmed around here would be an opportunity to buy.
The trend is still bearish in the daily chart, and that’s why I said it won’t be easy for it to reverse. The 21 ema is a ceiling for the index, and it would be good to see the volume increasing again.
The 4,300 area seems to be a strong support for the SPX, but we could hit there again if it doesn’t react quickly. We’ll have our answer soon.
If you liked this analysis, remember to support it, and follow me to keep in touch with my daily updates!
Have a good day!
As we mentioned yesterday, the fight is not going to be easy here, and the index lost its support level yesterday, and it filled the gap as we thought. Now we have some new key points to watch.
The 50% Fibonacci’s retracement is trying to hold the price for now, and the next retracement is the 61.8%. There’re more, but let’s work with these. Any bullish reaction confirmed around here would be an opportunity to buy.
The trend is still bearish in the daily chart, and that’s why I said it won’t be easy for it to reverse. The 21 ema is a ceiling for the index, and it would be good to see the volume increasing again.
The 4,300 area seems to be a strong support for the SPX, but we could hit there again if it doesn’t react quickly. We’ll have our answer soon.
If you liked this analysis, remember to support it, and follow me to keep in touch with my daily updates!
Have a good day!
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👉 Join the 5%: thefinancehydra.com/
💲💲 Project 5%: + 104%
🔹 S&P500: +35%
💪 Public track record.
