SPX on fire
After much suspenses and hesitation, last Friday was a celebration for the return of the bulls.
The index broke out from the consolidation range it had created in January.
The breakout took place in average volume, and the technical picture is now positive.
Next levels to watch:
- On the upside 2,790 / 2,875
- On the downside 2,742 / 2,676 / 2,650 / 2,600 / 2,575
The index broke out from the consolidation range it had created in January.
The breakout took place in average volume, and the technical picture is now positive.
Next levels to watch:
- On the upside 2,790 / 2,875
- On the downside 2,742 / 2,676 / 2,650 / 2,600 / 2,575
Trade closed: stop reached
Breakout invalidated today. Market at risk. Looking to reduce risk and hedge positions, especially ahead of further volatility expected this week (Fed).
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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.
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.