$SPX - look at demand and supply zones
Just a look at some demand zones on SPX so we can see where this thing may find support
Could bottom very soon in the demand zone, 50SMA, last major pivot AVWAP area (4550 ish), at the very least I expect a mean bounce to the upside from this zone.
If the bears retain control and reject us in the ATH supply zone then we will test the demand zones lower and possibly the 200 SMA
Could bottom very soon in the demand zone, 50SMA, last major pivot AVWAP area (4550 ish), at the very least I expect a mean bounce to the upside from this zone.
If the bears retain control and reject us in the ATH supply zone then we will test the demand zones lower and possibly the 200 SMA
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.