SPX: After FED - Will it keep correcting?
• The SPX did a strong reaction after FED, and it is trying to recover from yesterday’s drop;
• In fact, this reaction might frustrate the possibility of a pullback to the 21 ema area, which we already discussed yesterday, but it is too soon to tell, as the index must confirm more bullish signs first;
• In order for the index to truly reverse and seek higher resistances, it has to break the main resistance at 3,911, as this key point is the game changer for the index (mid-term speaking);
• As long as it remains under 3,911, the next stop is the 21 ema area, as we already mentioned. Then we’ll see how to proceed;
• The way it’ll close today will tell a lot about its future reaction. I’ll keep you guys updated on this.
Remember to follow me to keep in touch with my analyses!
• In fact, this reaction might frustrate the possibility of a pullback to the 21 ema area, which we already discussed yesterday, but it is too soon to tell, as the index must confirm more bullish signs first;
• In order for the index to truly reverse and seek higher resistances, it has to break the main resistance at 3,911, as this key point is the game changer for the index (mid-term speaking);
• As long as it remains under 3,911, the next stop is the 21 ema area, as we already mentioned. Then we’ll see how to proceed;
• The way it’ll close today will tell a lot about its future reaction. I’ll keep you guys updated on this.
Remember to follow me to keep in touch with my analyses!
⚠️ Want to take your trading to the next level?
👉 Join the Finance Hydra VIP Mentorship - 6 weeks of mentoring with weekly meetings and ongoing support. Limited places available!
✅ Find out more and sign up: thefinancehydra.com/
👉 Join the Finance Hydra VIP Mentorship - 6 weeks of mentoring with weekly meetings and ongoing support. Limited places available!
✅ Find out more and sign up: thefinancehydra.com/
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.