SPX: These are the KEY SUPPORT/RESISTANCE levels to watch. ⚠️
• The index is in a bull trend, doing higher highs/lows;
• It seems it wants to correct today. If that’s the case, the next support level is at the 21 ema in the hourly chart;
• The 3,950 is another key point, and if the SPX loses it, we would see a sharper correction in the daily chart;
• In the daily chart, there’s a dual-support level around the 21 ema + 3,889;
• So far, there’s no clear bearish reversal structure, but the 4k seems to be a strong psychological key point. I’ll keep you updated on this.
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• It seems it wants to correct today. If that’s the case, the next support level is at the 21 ema in the hourly chart;
• The 3,950 is another key point, and if the SPX loses it, we would see a sharper correction in the daily chart;
• In the daily chart, there’s a dual-support level around the 21 ema + 3,889;
• So far, there’s no clear bearish reversal structure, but the 4k seems to be a strong psychological key point. I’ll keep you updated on this.
Remember to follow me to keep in touch with my daily analyses!
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