S&P500 // neutral zone

The market is in a neutral zone.

The trend is still long on the weekly, so a break above the long trigger (green), that is the previous daily breakdown, will invite more buyers, and the long expansion phase may kick in.

If today it closes significantly below the weekly impulse base, the first targets are the daily and the weekly support levels.

In my opinion, day traders have to wait. for the price to get out of this neutral zone.

———

Orange lines represent impulse bases on major timeframes, signaling the direction and validity of the prevailing trend by acting as key levels where significant momentum originated.

Level colors:
Daily - blue
Weekly - purple
Monthly - magenta
H4 - aqua
Long trigger - green
Short trigger - red

———

Stay grounded, stay present.🏄🏼‍♂️

<<please boost 🚀 if you enjoy💚