SPX: MTF Cluster Support at 5,810 with EMA Confirmation Strategy

10 gen

Current Technical Setup
The SPX is testing a significant cluster support level at 5,810, identified by FibExtender Pro with multiple timeframe confluence. The price has shown a clear reaction at this level, making it a potential launching point for a bullish move.

Entry Conditions
Primary Triggers Required:

• 8 EMA crossing above 34 EMA on 30-minute chart (currently bearish)
  
• Price breaking above last swing high at 5,850
  
• Price holding above cluster support at 5,810
  

Price Targets

• First target: 6,000 (psychological level and major cluster resistance - 4 levels)
  
• Second target: 6,170 (cluster resistance - 3 levels)
  

Risk Management
Stop Loss Parameters:

• Place stops below 5,810 cluster support
  
• Exit if price fails to hold above EMAs after entry
  
• Cancel setup if entry triggers aren't activated
  

Timeframe Analysis
30-Minute Chart:

• Currently bearish configuration
  
• 8 EMA below 34 EMA
  
• Waiting for bullish crossover and Price breaking above last swing high at 5,850
  

Weekly Chart:

• Strong bullish structure
  
• Moving averages stacked positively
  
• 5,810 cluster support adds confluence
  
• 50 EMA > 200 EMA (bullish)
  

Time-Based Considerations
The January 13 time cluster provides an additional layer of confluence for potential trend reversal. This timing aligns with Fibonacci principles suggesting higher probability setups when time and price zones converge.

Special Notes
The mixed signals between timeframes require patience. The weekly chart provides a strong bullish foundation, but entry must wait for 30-minute confirmation signals to align. The setup becomes invalid if price breaks below cluster support without triggering entry conditions.

14 gen

Trade attivo

The SPX found support below the key cluster at 5,810, with the January 13 low confirming as a potential turning point for the recent downward move. Currently, the index is testing the 5,780–5,810 zone, identified by FibExtender Pro with multiple levels confluence. If conditions align, this level could serve as a launching point for a bullish move.

Entry Conditions
Primary Triggers Required:

• 8 EMA crossing above 34 EMA on the 30-minute chart (currently bearish).
  
• Price breaking above the last swing high at 5,871.92

If these triggers align, the setup becomes valid for a long trade.

Price Targets
Same as the initial idea:

• 6,000: A psychological level and major resistance zone with 4 confluence levels.
  
• 6,170: Secondary cluster resistance level with 3 confluence zones.
  

Risk Management
Stop Loss: Below the 5,780 support zone.
Setup Cancellation: If entry triggers are not activated

Timing Considerations
The January 13 low has confirmed as a significant point for the current SPX downward move (Rally Day).

This aligns with Fibonacci timing principles, adding confidence for a potential trend reversal if price action supports it.

17 gen

Trade chiuso: obiettivo raggiunto

First Target Reached!
The first target for the SPX MTF Cluster Support at 5,810 with EMA Confirmation Strategy has been achieved. Stay tuned for more updates!