• The SPX went up nicely last week, but it seems it is finally showing exhaustion signs;
• Although a pullback is plausible, the trend would still be bullish, as the index is still doing higher highs/lows, and it lacks bearish reversal structures (it is showing exhaustion, but this is different than a reversal structure);
• For now, let’s watch the support at 4,100 closely, as this is the next support level on the index. If it loses it, a sharper correction might occur;
• I’ll keep you updated on this, as usual.
Remember to follow me to keep in touch with my daily analyses!
• Although a pullback is plausible, the trend would still be bullish, as the index is still doing higher highs/lows, and it lacks bearish reversal structures (it is showing exhaustion, but this is different than a reversal structure);
• For now, let’s watch the support at 4,100 closely, as this is the next support level on the index. If it loses it, a sharper correction might occur;
• I’ll keep you updated on this, as usual.
Remember to follow me to keep in touch with my daily analyses!
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.