SPX: Reached its Climax! What's Next? ðĪ
âĒ The SPX did correct to the 21 ema, exactly as we expected in my previous analysis (link below this post, as usual);
âĒ Now it is going up again, trying to resume the bullish sentiment, but in order to confirm that, it must break the red line at 4,015;
âĒ If the SPX breaks this red line, itâll trigger a pivot point, and in this scenario, the next resistance around 4,100 is the next target;
âĒ What could go wrong? If the SPX fails in breaking this red line, and loses the 3,889 again. That could be a Double Top chart pattern;
âĒ As long as it stays above its support levels, itâll be fine, but a true reversal would only come if we trigger the pivot point;
âĒ Iâll keep you updated on this.
Remember to follow me to keep in touch with my daily analyses!
âĒ Now it is going up again, trying to resume the bullish sentiment, but in order to confirm that, it must break the red line at 4,015;
âĒ If the SPX breaks this red line, itâll trigger a pivot point, and in this scenario, the next resistance around 4,100 is the next target;
âĒ What could go wrong? If the SPX fails in breaking this red line, and loses the 3,889 again. That could be a Double Top chart pattern;
âĒ As long as it stays above its support levels, itâll be fine, but a true reversal would only come if we trigger the pivot point;
âĒ Iâll keep you updated on this.
Remember to follow me to keep in touch with my daily analyses!
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