SPx 6H / Bullish Area, With strong Volatility

9 באוג׳

Continued Market Volatility

Stock Index Futures Extend Rebound as U.S. Recession Fears Ease

The S&P 500 (SPX) has stabilized within a bullish trend, targeting 5,363 and 5,412 in the near term. Current volatility and technical indicators suggest bullish momentum.

Bullish Scenario:
As long as the price trades above 5,327, the bullish trend is likely to continue toward 5,412.

Bearish Scenario:
If the price drops below 5,327, it could signal a downtrend, with the potential to decline toward 5,260.

Key Levels:
- Pivot Line: 5,327
- Resistance Levels: 5365, 5412, 5450
- Support Levels: 5291, 5260, 5214

Today's Expected Trading Range:
The price is anticipated to fluctuate between 5,291 and 5,412.

Direction: The outlook remains bullish as long as the price stays above 5,327.