S&P 500 IndexLong
S&P 500 / Consolidation with Bearish and Bullish Potential
Updated
S&P 500 Analysis
The price needs to stabilize below 5,969 to target 5,937, and breaking this level would confirm a continuation of the bearish trend towards 5,893.
Alternatively, the price must break above 5,969 by closing a 4-hour or 1-hour candle to signal a bullish trend, with potential upside targets at 6,022.
Currently, the market is consolidating between 5,937 and 5,969.
Key Levels:
Pivot Point: 5,969
Resistance Levels: 6,000, 6,022, 6,057
Support Levels: 5,937, 5,908, 5,864
Trend Outlook:
Consolidation is observed between 5,937 and 5,969.
The price needs to stabilize below 5,969 to target 5,937, and breaking this level would confirm a continuation of the bearish trend towards 5,893.
Alternatively, the price must break above 5,969 by closing a 4-hour or 1-hour candle to signal a bullish trend, with potential upside targets at 6,022.
Currently, the market is consolidating between 5,937 and 5,969.
Key Levels:
Pivot Point: 5,969
Resistance Levels: 6,000, 6,022, 6,057
Support Levels: 5,937, 5,908, 5,864
Trend Outlook:
Consolidation is observed between 5,937 and 5,969.
Trade active
S&P500
Live update
The price was retested at support at 5937 and then pushed up, so it still has a bullish continuation to our target of 6022.
then will make a consolidation between 6022 and 5969
Timeframe 4h
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~6 analyses per day. With a clear entry point
more than 1000 pip per week —— Accuracy +88%
SM World and Economy News 24/7
Urgent News ⚡️:
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