Nathan_Black

SPX: Another Target Hit (Again)! ๐ŸŽฏ What's Next?

SP:SPX   ืžื“ื“ S&P 500
โ€ข We nailed another target on the SPX, as it hit the target we set yesterday at 4,015 (link to my previous analysis is below this post, as usual);
โ€ข Now, it seems the 4k area is working as a resistance;
โ€ข If SPX breaks the 4,015, then itโ€™ll resume the bullish sentiment, and seek the next resistance around 4,100;
โ€ข Thereโ€™s no top sign, or bearish structure on the SPX yet, but if we see one, this might frustrate the bullish thesis on it;
โ€ข A pullback to the 21 ema is acceptable, or even to the 3,889 again. But if it loses the 3,889 we might see a bearish reversal structure;
โ€ข It all depends on how itโ€™ll react around the 4k. Iโ€™ll keep you updated on this.

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