SPX - First target: Reached

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SPX is doing what it should, which is follow the trend. If you missed my previous analysis, check it here and follow me for more updates:

Now, remember that I said the SPX could do a pivot in the hourly chart? Here it goes:



Now, the biggest challenge SPX has right now is to maintain the price at that level. If that’s not the case, the market will see this as a possible double top, a scenario that would be confirmed if SPX loses the 2723 zone.

But, until now, the market is in a bullish trend and just reached its first target. Let’s see if the bulls will have the strength to maintain the trend. Keep in touch for daily analysis.

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