• The index is in a bull trend, doing higher highs/lows; • It seems it wants to correct today. If that’s the case, the next support level is at the 21 ema in the hourly chart; • The 3,950 is another key point, and if the SPX loses it, we would see a sharper correction in the daily chart; • In the daily chart, there’s a dual-support level around the 21 ema + 3,889; • So far, there’s no clear bearish reversal structure, but the 4k seems to be a strong psychological key point. I’ll keep you updated on this.
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