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priceactiontds

2024-01-16 - a daily price action after hour update - sp500

Micro E-mini S&P 500 Index Futures (CME_MINI:MES1!)  
priceactiontds  
CME_MINI:MES1!   Micro E-mini S&P 500 Index Futures
Support and Resistance Trend Lines Head and Shoulders priceaction price-action SPX (S&P 500 Index) SPDR S&P 500 ETF (SPY) S&P 500 (SPX500)
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supportandresistance trendline headandshoulders priceaction price-action spx spy spx500
Good Morning,
snapshot

sp500 is currently selling off during globex before the EU session but we are right at multiple support levels and the daily 20ema. If bulls can hold it above 4770, odds favor continuation of the trading range and we might go up to at least 4800 again. If bears can push this below, next target would be 4750 for me. There market has a chance to form a inv SHS or go straight to last weeks lows at 4700.

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