Similar to my analysis on 
NAS100, I also anticipate a decline in the case of $CBOE:SPX.
The index attempted twice to remain above 5000 but failed, and it appears to be forming a double top in that area.
From a technical standpoint, the trend remains strongly bullish.
However, a drop below 4930-4950 would interrupt this aggressive uptrend and expose the 4800 support zone.
NAS100, I also anticipate a decline in the case of $CBOE:SPX. The index attempted twice to remain above 5000 but failed, and it appears to be forming a double top in that area.
From a technical standpoint, the trend remains strongly bullish.
However, a drop below 4930-4950 would interrupt this aggressive uptrend and expose the 4800 support zone.
📈 Forex & XAU/USD Channel:
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📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
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.