SPx500 needs new momentum
Hello everyone,
SPx500 6H NEW FORECAST
The price of the index is still affected by the negativity of the Stochastic indicator. We noticed its rebound yesterday after touching the 4588 level and presenting a sideways fluctuation near 4561. We would like to remind you of the importance of trading remaining above the additional support centered at 4500.00, to increase the chances of the price gathering the positive momentum required to reach the main stations represented by the 4588 level, reaching 4611. About 4633 in medium period trading.
As for the price surrendering to negative pressures and infiltrating without additional support, this will force it to activate the bearish corrective path, so we expect it to be attracted towards 4500 and 4475 before recording any new positive target.
Pivot Price: 4561
Resistance prices: 4588 & 4611 & 4633
Support prices: 4500 & 4475 & 4437
The general trend expected for today: bullish with stable Support
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