SPx (GDP + Consolidation Movement)

SPx Outlook

The price still consolidates between 5460 and 5491, so should break one side to continue its direction.

Intraday Analysis:
Today, the price is likely to stabilize below 5491, maintaining the bearish trend towards 5460, and should break that as well to get 5410.

Bullish Scenario:
For a bullish reversal, the price must stabilize above 5492. If this occurs, the bullish trend may target 5529 and subsequently 5550.

Bearish Scenario:
The price should stabilize under the pivot zone, which is between 5502 and 5479, it is expected to decline further towards 5440 and 5410.

Key Levels:
- Pivot Line: 5491
- Resistance Levels: 4429, 5550, 5585
- Support Levels: 5460, 5440, 5410

Today's Expected Trading Range:
The anticipated trading range for today is between the resistance at 5530 and the support at 5410.