SPX: Another Target Hit (Again)! ðŊ What's Next?
âĒ We nailed another target on the SPX, as it hit the target we set yesterday at 4,015 (link to my previous analysis is below this post, as usual); âĒ Now, it seems the 4k area is working as a resistance; âĒ If SPX breaks the 4,015, then itâll resume the bullish sentiment, and seek the next resistance around 4,100; âĒ Thereâs no top sign, or bearish structure on the SPX yet, but if we see one, this might frustrate the bullish thesis on it; âĒ A pullback to the 21 ema is acceptable, or even to the 3,889 again. But if it loses the 3,889 we might see a bearish reversal structure; âĒ It all depends on how itâll react around the 4k. Iâll keep you updated on this.
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