The S&P 500 continues trending higher on H4 with a clean higher-high and higher-low structure. Price remains above both EMAs and is trading near 7,520.
The EMA support zone around 7,430–7,380 remains very important. As long as buyers defend this area, the bullish trend stays intact.
However, price is already stretched away from the EMAs, increasing the risk of short-term pullbacks and volatility.
The EMA support zone around 7,430–7,380 remains very important. As long as buyers defend this area, the bullish trend stays intact.
However, price is already stretched away from the EMAs, increasing the risk of short-term pullbacks and volatility.
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Related publications
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.