🔺 Chart Summary – Symmetrical Triangle + Key Levels
chart clearly shows a large symmetrical triangle forming on the SPX 1-hour timeframe:
1. Triangle Structure
Upper trendline (descending): Connecting the lower highs from the recent peak.
Lower trendline (ascending): Connecting higher lows from the last big dip.
Price is currently squeezing toward the apex, meaning volatility may contract before a bigger breakout move.
Resistance Levels
6750–6760 zone: Immediate resistance; price is struggling here.
6830–6860 zone: Major resistance cluster from previous swing highs.
Above that: Trendline resistance will be the next barrier.
Support Levels
6700–6710 zone: Very important short-term support.
6640–6650 zone: Stronger support; matches previous reaction lows.
6580–6600: Deeper support and bottom of the triangle approach.
4. Market Implication
Bullish: Break above the descending trendline + close above 6760 opens path toward 6830–6860.
Bearish: Break below the ascending trendline + close under 6640 opens path toward 6580 and further.
5. Overall View
The index is coiling inside a tightening triangle, meaning a major move is likely soon. Right now, SPX is in neutral-to-slightly-bearish territory until it reclaims the 6750–6760 zone.
chart clearly shows a large symmetrical triangle forming on the SPX 1-hour timeframe:
1. Triangle Structure
Upper trendline (descending): Connecting the lower highs from the recent peak.
Lower trendline (ascending): Connecting higher lows from the last big dip.
Price is currently squeezing toward the apex, meaning volatility may contract before a bigger breakout move.
Resistance Levels
6750–6760 zone: Immediate resistance; price is struggling here.
6830–6860 zone: Major resistance cluster from previous swing highs.
Above that: Trendline resistance will be the next barrier.
Support Levels
6700–6710 zone: Very important short-term support.
6640–6650 zone: Stronger support; matches previous reaction lows.
6580–6600: Deeper support and bottom of the triangle approach.
4. Market Implication
Bullish: Break above the descending trendline + close above 6760 opens path toward 6830–6860.
Bearish: Break below the ascending trendline + close under 6640 opens path toward 6580 and further.
5. Overall View
The index is coiling inside a tightening triangle, meaning a major move is likely soon. Right now, SPX is in neutral-to-slightly-bearish territory until it reclaims the 6750–6760 zone.
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คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน