• The SPX went up nicely last week, but it seems it is finally showing exhaustion signs;
• Although a pullback is plausible, the trend would still be bullish, as the index is still doing higher highs/lows, and it lacks bearish reversal structures (it is showing exhaustion, but this is different than a reversal structure);
• For now, let’s watch the support at 4,100 closely, as this is the next support level on the index. If it loses it, a sharper correction might occur;
• I’ll keep you updated on this, as usual.
Remember to follow me to keep in touch with my daily analyses!
• Although a pullback is plausible, the trend would still be bullish, as the index is still doing higher highs/lows, and it lacks bearish reversal structures (it is showing exhaustion, but this is different than a reversal structure);
• For now, let’s watch the support at 4,100 closely, as this is the next support level on the index. If it loses it, a sharper correction might occur;
• I’ll keep you updated on this, as usual.
Remember to follow me to keep in touch with my daily analyses!
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.