The S&P 500 (SPX) has maintained its bullish trend as anticipated and continues to move towards a new bullish area.
Intraday Analysis: Today, the price may stabilize above 5502 to continue the bullish trend towards 5530 and 5550.
Bullish Scenario: As long as the price trades above 5502, the bullish trend is likely to continue, targeting 5530 and 5550. There is also a possibility of a price correction down to 5480 before pushing up again.
Bearish Scenario: If the price drops and stabilizes below 5479, it may enter a downtrend towards 5438 and 5410.
Today's Expected Trading Range: The anticipated movement range for today is between the resistance at 5550 and the support at 5479.
Summary: Maintaining a position above 5479 supports a bullish outlook, aiming for higher resistance levels. Conversely, trading below 5479 indicates a bearish trend, with potential support targets at 5438 and below.
ノート
the price reached the target we mentioned 5529 and now will consolidate between 5529 and 5502 till breaking