SPX: Bullish reaction above a support. What to expect next?
• The index is trying to react this morning, and the timing of this reaction is quite good, after all, it is just above our support area, which I mentioned yesterday;
• What’s more, yesterday’s candlestick indicates stabilization, while the 21 ema was working as a resistance;
• Now, the index is just moving according to our previous analysis, and if it closes above the 21 ema again, it might bounce to the 4,083;
• The 4,083 is a key resistance and it was a gap area;
• Only if the index loses the 3,911 I see this bull trend getting weaker. So far, nothing new or surprising is going on. Another update tomorrow.
Remember to follow me to keep in touch with my daily analyses!
• What’s more, yesterday’s candlestick indicates stabilization, while the 21 ema was working as a resistance;
• Now, the index is just moving according to our previous analysis, and if it closes above the 21 ema again, it might bounce to the 4,083;
• The 4,083 is a key resistance and it was a gap area;
• Only if the index loses the 3,911 I see this bull trend getting weaker. So far, nothing new or surprising is going on. Another update tomorrow.
Remember to follow me to keep in touch with my daily analyses!
Powiązane publikacje
Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.