Bearish Continuation Below 5748, Bullish Reversal Above 5785
SPx
Currently, as long as it remains below 5748, a decline towards 5732 is expected. A break below 5732 would open the door to further downside, targeting the bearish zone around 5675.
However, a 4-hour candle close above 5785 would signal a bullish shift, with the potential to move toward 5850.
Key Levels:
Pivot Point: 5782
Resistance Levels: 5805, 5840, 5890
Support Levels: 5732, 5675, 5643
Trend Outlook:
Bearish: Below 5782
Bullish: Above 5785
Currently, as long as it remains below 5748, a decline towards 5732 is expected. A break below 5732 would open the door to further downside, targeting the bearish zone around 5675.
However, a 4-hour candle close above 5785 would signal a bullish shift, with the potential to move toward 5850.
Key Levels:
Pivot Point: 5782
Resistance Levels: 5805, 5840, 5890
Support Levels: 5732, 5675, 5643
Trend Outlook:
Bearish: Below 5782
Bullish: Above 5785
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