S&P 500 Insights: Consolidation and Breakout Scenarios
The S&P 500 experienced a notable decline of approximately 2.5% over the past week.
Current price action suggests a period of consolidation within the range of 5863 to 5896 before a decisive breakout.
Key Scenario Analysis:
Bullish Breakout: A confirmed close above 5896 on a 4-hour or 1-hour candle will signal renewed bullish momentum, targeting an initial move toward 5927.
Bearish Continuation: Conversely, a confirmed close below 5863, particularly on at least a 1-hour timeframe, is expected to trigger a bearish extension toward 5803.
Key Levels
Pivot Point: 5896
Resistance Levels: 5927, 5969, 6002
Support Levels: 5863, 5833, 5803
Trend Outlook:
- Bearish Trend Below 5663
- Bullish Trend Above 5896
previous idea:
Current price action suggests a period of consolidation within the range of 5863 to 5896 before a decisive breakout.
Key Scenario Analysis:
Bullish Breakout: A confirmed close above 5896 on a 4-hour or 1-hour candle will signal renewed bullish momentum, targeting an initial move toward 5927.
Bearish Continuation: Conversely, a confirmed close below 5863, particularly on at least a 1-hour timeframe, is expected to trigger a bearish extension toward 5803.
Key Levels
Pivot Point: 5896
Resistance Levels: 5927, 5969, 6002
Support Levels: 5863, 5833, 5803
Trend Outlook:
- Bearish Trend Below 5663
- Bullish Trend Above 5896
previous idea:
my free signals channel telegram
t.me/Srosh_signals
~6 analyses per day. With a clear entry point
more than 1000 pip per week —— Accuracy +88%
SM World and Economy News 24/7
Urgent News ⚡️:
t.me/SM_News_24h
t.me/Srosh_signals
~6 analyses per day. With a clear entry point
more than 1000 pip per week —— Accuracy +88%
SM World and Economy News 24/7
Urgent News ⚡️:
t.me/SM_News_24h
Publikasi terkait
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.