The S&P 500 (
SPX) is sitting just below a clear resistance level—a true bull/bear line in the sand.
On the one hand, bulls are eyeing a potential breakout into the weekend that could ignite a short squeeze or continuation rally. 🎆 On the other, Deutsche Bank, the last of the major bulls, has thrown in the towel—cutting their year-end target from 7,000 to 6,150 amid economic concerns.
This is where things get interesting. If we break above this resistance with volume, expect upside momentum. If not… this could be the start of a deeper rollover.
👉 Watch that overhead line closely. It's the fuse. 💣
🟢 Breakout = bull party
🔴 Rejection = potential for bearish reversal
SPX) is sitting just below a clear resistance level—a true bull/bear line in the sand.On the one hand, bulls are eyeing a potential breakout into the weekend that could ignite a short squeeze or continuation rally. 🎆 On the other, Deutsche Bank, the last of the major bulls, has thrown in the towel—cutting their year-end target from 7,000 to 6,150 amid economic concerns.
This is where things get interesting. If we break above this resistance with volume, expect upside momentum. If not… this could be the start of a deeper rollover.
👉 Watch that overhead line closely. It's the fuse. 💣
🟢 Breakout = bull party
🔴 Rejection = potential for bearish reversal
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。