SPX 3H Bullish Continuation Setup with Key Target Levels

This SPX (S&P 500 Index) 3-hour chart analysis shows a bullish outlook with the following key points:

1. Support Level:

A clear support zone is marked around 6,012.

The price is currently above this zone, suggesting the level is holding as support.

2. Moving Averages:

EMA 50 (red line) at ~6,012 acts as dynamic support.

EMA 200 (blue line) at ~5,842 shows the broader uptrend is intact.

3. Price Structure:

The chart indicates a potential pullback to retest the support level before resuming upward.

Two target levels are marked:

First target: 6,313.16

Final target: 6,451.32

4. RSI:

The RSI is around 73, which is overbought territory.

This supports the idea of a short-term pullback before continuation.

Summary:

Trend: Bullish.

Expect: Possible minor pullback to support (~6,012) then rally towards 6,313 and 6,451 if support holds.

Watch: EMA 50 and support zone reaction for confirmatioN