Chart Components Observed:
Ichimoku Cloud: For trend and support/resistance visualization.
Uptrend line (manually drawn): Connecting higher lows since early May 2025.
Support break: Price has recently broken below the trendline and below the Ichimoku cloud.
Current Price: 6,237.15 (▼ -1.64%)
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📉 Analysis Summary:
The trendline and Ichimoku cloud were acting as major dynamic support.
A bearish breakdown has occurred — price closed below the trendline and the cloud.
This suggests a potential trend reversal or correction underway.
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🎯 Trade Setup Suggestion (Short Entry)
🟢 Entry Target (Short Position):
Sell Entry: Around 6,237 – 6,245 (current zone or slight pullback)
If price retests the underside of the broken trendline/cloud, that's a better entry confirmation.
📉 Take Profit Levels:
1. TP1: 6,130 (recent consolidation zone)
2. TP2: 6,000 (psychological + historical support)
3. TP3: 5,880 (next major support based on previous consolidation in early June)
🛡 Stop Loss:
SL: 6,300 – 6,310 (above the cloud and broken trendline for safe buffer)
---
📊 Risk Management:
Position size should be based on your account size, using 1–2% risk per trade.
Watch the S&P futures and macro news (e.g., U.S. data, Fed news) to avoid whipsaw.
Ichimoku Cloud: For trend and support/resistance visualization.
Uptrend line (manually drawn): Connecting higher lows since early May 2025.
Support break: Price has recently broken below the trendline and below the Ichimoku cloud.
Current Price: 6,237.15 (▼ -1.64%)
---
📉 Analysis Summary:
The trendline and Ichimoku cloud were acting as major dynamic support.
A bearish breakdown has occurred — price closed below the trendline and the cloud.
This suggests a potential trend reversal or correction underway.
---
🎯 Trade Setup Suggestion (Short Entry)
🟢 Entry Target (Short Position):
Sell Entry: Around 6,237 – 6,245 (current zone or slight pullback)
If price retests the underside of the broken trendline/cloud, that's a better entry confirmation.
📉 Take Profit Levels:
1. TP1: 6,130 (recent consolidation zone)
2. TP2: 6,000 (psychological + historical support)
3. TP3: 5,880 (next major support based on previous consolidation in early June)
🛡 Stop Loss:
SL: 6,300 – 6,310 (above the cloud and broken trendline for safe buffer)
---
📊 Risk Management:
Position size should be based on your account size, using 1–2% risk per trade.
Watch the S&P futures and macro news (e.g., U.S. data, Fed news) to avoid whipsaw.
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
t.me/+cKW-ibvnp_lmYTc0
Forex, gold and crypto signal's with detailed analysis & get consistent results..
t.me/+cKW-ibvnp_lmYTc0
Gold signal's with proper TP & SL for high profits opportunities..
Forex, gold and crypto signal's with detailed analysis & get consistent results..
t.me/+cKW-ibvnp_lmYTc0
Gold signal's with proper TP & SL for high profits opportunities..
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.