Nathan_Black

SPX: Finally filled our GAP! What's next?

SP:SPX   ستاندرد أند بورز 500
• Since our last analysis, the SPX did a great reaction, just above the key support we mentioned yesterday at 3,937 – a Double Bottom chart pattern;
• By the moment it broke our key resistance area made by the 21 ema (1h chart) + 3,980, it exploded – the link to my previous analysis is below this post, as always;
• Now, the index filled its last gap at 4,083, which I was aiming at since the 3,900. We were already expecting this movement, since the mid-term trend in the daily chart was bullish since the beginning, and we had no clear bearish structure at any moment – just pullback signs;
• Now that the index exploded, we could see some correction, and in this case, there are many support levels to work with: We have the retracements, the previous top at 4,028 and the 21 ema in the 1h chart;
• Any bullish structure around any of these support levels might indicate that the bull trend will persist a little bit longer. I’ll keep you updated on this.

Remember to follow me to keep in touch with my daily analyses!

🔴 Only 5% of traders manage to be profitable in the long term.

👉 Join the 5% Project: thefinancehydra.com/the5project/
إخلاء المسؤولية

لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.