Indeks S&P 500
Panjang

SPX is facing bullish pressure, potential for more upside

27
Description:
Price is facing bullish pressure from our pivot level and showing room for possible further bullish momentum. We see a medium probability bullish scenario above our pivot 3639.9, with 1st resistance at 3783.0 as a possible target. Failure to hold above pivot at 3639.9 would see price swing the other way towards 1st support at 3590.3.

Pivot: 3639.9
Supporting Points:
38.2% Fibonacci retracement, 61.8% Fibonacci extension, Graphical overlap support

1st Support: 3590.3
Supporting Points:
Graphical swing low support, 61.8% Fibonacci retracement, 127.2% Fibonacci extension

1st Resistance: 3783.0
Supporting Points:
161.8% Fibonacci extension
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