• The SPX hit our target, at the 21 ema in the daily chart, and now it seems it is recovering (the link to my previous analysis is below this post, as usual);
• In this scenario, the next resistance becomes the next target, which is the 4,015 (red line);
• If SPX breaks this resistance, it’ll trigger a bullish pivot point, a powerful bullish reversal sign;
• The most important support level is the 3,889, and only if the index loses this key point, we would see a clear bearish reversal structure. For now, the index will remain bullish;
• I’ll keep you updated on this, as usual.
Remember to follow me to keep in touch with my daily analyses!
• In this scenario, the next resistance becomes the next target, which is the 4,015 (red line);
• If SPX breaks this resistance, it’ll trigger a bullish pivot point, a powerful bullish reversal sign;
• The most important support level is the 3,889, and only if the index loses this key point, we would see a clear bearish reversal structure. For now, the index will remain bullish;
• I’ll keep you updated on this, as usual.
Remember to follow me to keep in touch with my daily analyses!
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