• We nailed another target on the SPX, as it hit the target we set yesterday at 4,015 (link to my previous analysis is below this post, as usual);
• Now, it seems the 4k area is working as a resistance;
• If SPX breaks the 4,015, then it’ll resume the bullish sentiment, and seek the next resistance around 4,100;
• There’s no top sign, or bearish structure on the SPX yet, but if we see one, this might frustrate the bullish thesis on it;
• A pullback to the 21 ema is acceptable, or even to the 3,889 again. But if it loses the 3,889 we might see a bearish reversal structure;
• It all depends on how it’ll react around the 4k. I’ll keep you updated on this.
Remember to follow me to keep in touch with my daily analyses!
• Now, it seems the 4k area is working as a resistance;
• If SPX breaks the 4,015, then it’ll resume the bullish sentiment, and seek the next resistance around 4,100;
• There’s no top sign, or bearish structure on the SPX yet, but if we see one, this might frustrate the bullish thesis on it;
• A pullback to the 21 ema is acceptable, or even to the 3,889 again. But if it loses the 3,889 we might see a bearish reversal structure;
• It all depends on how it’ll react around the 4k. I’ll keep you updated on this.
Remember to follow me to keep in touch with my daily analyses!
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