S&P 500 Analysis: ATH Tested, Key Levels for Next Move
S&P 500 Technical Analysis
The price reached the resistance line and Recorded a new ATH, at 6034
Bullish Scenario: A decisive breakout above 6030, confirmed by a 4-hour candle close, would signal bullish momentum, with potential targets at 6068.
Bearish Scenario: Sustained trading below 6030 could pave the way for further downside targets at 5970 and 5932.
Key Levels:
Pivot Point: 6022
Resistance Levels: 6068, 6100, 6120
Support Levels: 5970, 5932, 5896
The price reached the resistance line and Recorded a new ATH, at 6034
Bullish Scenario: A decisive breakout above 6030, confirmed by a 4-hour candle close, would signal bullish momentum, with potential targets at 6068.
Bearish Scenario: Sustained trading below 6030 could pave the way for further downside targets at 5970 and 5932.
Key Levels:
Pivot Point: 6022
Resistance Levels: 6068, 6100, 6120
Support Levels: 5970, 5932, 5896
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~6 analyses per day. With a clear entry point
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