The S&P 500 is at a key moment right now, testing the 6580 support area after a sharp pullback from recent highs.
In my view, if this level breaks decisively with strong selling pressure, the market could head toward the 6400 zone, which has acted as an important support area in the past.
As long as 6580 holds, a bounce is still possible, but for now the risk seems tilted to the downside if we see a clear breakdown.
NOT FINANCIAL ADVICE.
Comment below with the ticker you’d like me to analyze next!
And don’t forget to leave a boost if you’d like to see more trading ideas like this :)
In my view, if this level breaks decisively with strong selling pressure, the market could head toward the 6400 zone, which has acted as an important support area in the past.
As long as 6580 holds, a bounce is still possible, but for now the risk seems tilted to the downside if we see a clear breakdown.
NOT FINANCIAL ADVICE.
Comment below with the ticker you’d like me to analyze next!
And don’t forget to leave a boost if you’d like to see more trading ideas like this :)
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.