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
Penerbitan berkaitan
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.