The S&P 500 (
SPX) is sitting just below a clear resistance level—a true bull/bear line in the sand.
On the one hand, bulls are eyeing a potential breakout into the weekend that could ignite a short squeeze or continuation rally. 🎆 On the other, Deutsche Bank, the last of the major bulls, has thrown in the towel—cutting their year-end target from 7,000 to 6,150 amid economic concerns.
This is where things get interesting. If we break above this resistance with volume, expect upside momentum. If not… this could be the start of a deeper rollover.
👉 Watch that overhead line closely. It's the fuse. 💣
🟢 Breakout = bull party
🔴 Rejection = potential for bearish reversal
SPX) is sitting just below a clear resistance level—a true bull/bear line in the sand.On the one hand, bulls are eyeing a potential breakout into the weekend that could ignite a short squeeze or continuation rally. 🎆 On the other, Deutsche Bank, the last of the major bulls, has thrown in the towel—cutting their year-end target from 7,000 to 6,150 amid economic concerns.
This is where things get interesting. If we break above this resistance with volume, expect upside momentum. If not… this could be the start of a deeper rollover.
👉 Watch that overhead line closely. It's the fuse. 💣
🟢 Breakout = bull party
🔴 Rejection = potential for bearish reversal
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.
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.