SPX500USD ( UNDER BEARISH PRESSURE ) ( 1H )
SPX500USD
HELLO TRADERS
Tendency the price stabilizing below turning level at 5,488 , indicates under bearish pressure
PRICE MOVEMENT :
the price stabilizing below turning level at 5,488 , indicates to reach a support level, have two condition to reach this level , first condition corrective 5,488 before dropping to 5,438 , the second condition in a direct manner reach around 5,378 ,
if the breaking turning level at 5,488 , the price of the spx500usd reach a new historical peak , but reaches the resistance level early around 5,524 , after create new resistance level at 5,561
TARGET LEVEL :
HELLO TRADERS
Tendency the price stabilizing below turning level at 5,488 , indicates under bearish pressure
PRICE MOVEMENT :
the price stabilizing below turning level at 5,488 , indicates to reach a support level, have two condition to reach this level , first condition corrective 5,488 before dropping to 5,438 , the second condition in a direct manner reach around 5,378 ,
if the breaking turning level at 5,488 , the price of the spx500usd reach a new historical peak , but reaches the resistance level early around 5,524 , after create new resistance level at 5,561
TARGET LEVEL :
- TURNING LEVEL : 5,488
- RESISTANCE LEVEL : 5,524 , 5,561
- SUPPORT LEVEL : 5,438 , 5,378
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