S&P 500 IndexUpdated S&P 500 - The support zone.
Previous analysis was done when the price was at 4515.
Now the pattern is complete. So what next?
Support zone is at 4420 - 4435.
And trend line resistance is near to the current price.
If it sustains the support zone and breaks the trend line with strength, then price will move up to fill the gap between 4488 to 4496.
Give like if you like and comment if you want to encourage the author.
Now the pattern is complete. So what next?
Support zone is at 4420 - 4435.
And trend line resistance is near to the current price.
If it sustains the support zone and breaks the trend line with strength, then price will move up to fill the gap between 4488 to 4496.
Give like if you like and comment if you want to encourage the author.
Note
Trendline BO? Note
Weak. Note
Took support. 
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Role I play here : Moderator. Follow me in telegram to trade better. t.me/Analysis4Newbie
Join my students group for Index Option Trading to earn and learn.
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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.