S&P 500 Faces Rejection at Key Resistance?
📉 False Breakout or Consolidation?
S&P 500 hit 6,129 but failed to hold above it, retreating to 6,090 (-0.75%).
This level marks a key resistance zone, with sellers stepping in to cap gains.
🔍 Key Technical Levels:
Resistance:
6,129 → Previous high, acting as a short-term ceiling.
Support:
6,018 (50-day EMA) → First area bulls want to defend.
5,900 → Stronger structural support if momentum weakens.
📊 Momentum Check:
RSI at 54.86 → Neutral, room for both upside and downside.
Price remains above the 50-day EMA, keeping the uptrend intact for now.
🚀 What’s Next?
Bulls need a decisive close above 6,129 to confirm a breakout.
A rejection here could trigger consolidation or a pullback toward the 50-day EMA.
Watching for either a breakout confirmation or a deeper retest of support levels.
-MW
S&P 500 hit 6,129 but failed to hold above it, retreating to 6,090 (-0.75%).
This level marks a key resistance zone, with sellers stepping in to cap gains.
🔍 Key Technical Levels:
Resistance:
6,129 → Previous high, acting as a short-term ceiling.
Support:
6,018 (50-day EMA) → First area bulls want to defend.
5,900 → Stronger structural support if momentum weakens.
📊 Momentum Check:
RSI at 54.86 → Neutral, room for both upside and downside.
Price remains above the 50-day EMA, keeping the uptrend intact for now.
🚀 What’s Next?
Bulls need a decisive close above 6,129 to confirm a breakout.
A rejection here could trigger consolidation or a pullback toward the 50-day EMA.
Watching for either a breakout confirmation or a deeper retest of support levels.
-MW
Pernyataan Penyangkalan
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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.