#SPX - 1
Currently I see several possible scenarios for the possible price action.
I will do my best to explain every possible move very clear, even though I think it will be a bit tough for me, because of such variety.
***Let’s begin with short term possible scenario.***
***#SPX 1W TF***
I always give as possible play out for Longs, as for Shorts.
In my opinion, if looking at the bigger picture - the Bullish trend will continue, for that I have several reasons. And about that I will write at the end of this article.
*Now about the current chart.*
**Next week**, possible that we will see some range with the continuation of the uptrend.
If you look at **n.1** - I expect that #SPX will have some consolidation above the level **4500$.**
(*This level is SUPER IMPORTANT. I was talking about it in my previous posts. It was standing as a very STRONG resistance for a WHILE.)*
If we see that #SPX is loosing the support at **4500$** in this case, next important level to bounce is at **4395$. (n.2)**
*(It is a new level, I was adding it as a new strong resistance level before, when SPX was in downtrend.)*
And only loosing the support at **4395$,** will bring another crash**. (n.3)**
In this case, I have all important support level already mentioned in the chart.
I will do my best to explain every possible move very clear, even though I think it will be a bit tough for me, because of such variety.
***Let’s begin with short term possible scenario.***
***#SPX 1W TF***
I always give as possible play out for Longs, as for Shorts.
In my opinion, if looking at the bigger picture - the Bullish trend will continue, for that I have several reasons. And about that I will write at the end of this article.
*Now about the current chart.*
**Next week**, possible that we will see some range with the continuation of the uptrend.
If you look at **n.1** - I expect that #SPX will have some consolidation above the level **4500$.**
(*This level is SUPER IMPORTANT. I was talking about it in my previous posts. It was standing as a very STRONG resistance for a WHILE.)*
If we see that #SPX is loosing the support at **4500$** in this case, next important level to bounce is at **4395$. (n.2)**
*(It is a new level, I was adding it as a new strong resistance level before, when SPX was in downtrend.)*
And only loosing the support at **4395$,** will bring another crash**. (n.3)**
In this case, I have all important support level already mentioned in the chart.
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