SPx continues to move towards a new bullish area.

19 ביוני

S&P 500 Index Technical Analysis

The S&P 500 (SPX) has maintained its bullish trend as anticipated and continues to move towards a new bullish area.

• Intraday Analysis:
  Today, the price may stabilize above 5502 to continue the bullish trend towards 5530 and 5550.
  
  
• Bullish Scenario:
  As long as the price trades above 5502, the bullish trend is likely to continue, targeting 5530 and 5550. There is also a possibility of a price correction down to 5480 before pushing up again.
  
  
• Bearish Scenario:
  If the price drops and stabilizes below 5479, it may enter a downtrend towards 5438 and 5410.
  
  
• Key Levels:
  - Pivot Line: 5502
  - Resistance Levels: 5530, 5550, 5595
  - Support Levels: 5479, 5440, 5410
  
  
• Today's Expected Trading Range:
  The anticipated movement range for today is between the resistance at 5550 and the support at 5479.
  
  Summary:
  Maintaining a position above 5479 supports a bullish outlook, aiming for higher resistance levels. Conversely, trading below 5479 indicates a bearish trend, with potential support targets at 5438 and below.

20 ביוני

הערה

the price reached the target we mentioned 5529 and now will consolidate between 5529 and 5502 till breaking