SPX500 Overview
Today’s market is expected to be highly volatile with the release of U.S. CPI data.
The forecast is 2.8%, higher than the previous reading, indicating inflation remains elevated. A result above 2.8% would likely support a bearish trend for indices, while a figure below expectations could trigger bullish momentum.
Technical Outlook:
As long as the price trades below 6389, the downside targets are 6365, then 6341, and 6321.
A 1H close above 6389 would shift momentum bullish toward 6425.
Support: 6365, 6341, 6321
Resistance: 6404, 6425, 6438
Today’s market is expected to be highly volatile with the release of U.S. CPI data.
The forecast is 2.8%, higher than the previous reading, indicating inflation remains elevated. A result above 2.8% would likely support a bearish trend for indices, while a figure below expectations could trigger bullish momentum.
Technical Outlook:
As long as the price trades below 6389, the downside targets are 6365, then 6341, and 6321.
A 1H close above 6389 would shift momentum bullish toward 6425.
Support: 6365, 6341, 6321
Resistance: 6404, 6425, 6438
Technical analyst focused on gold, indices, and forex.
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
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.
Technical analyst focused on gold, indices, and forex.
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
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.