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marktiu

WILL SXP CONTINUE TO THE UPSIDE?

S&P 500 Index (SP:SPX)  
marktiu Updated   
SP:SPX   S&P 500 Index
Trend Analysis Chart Patterns Technical Indicators
3
0
trendanalysis chartpattern indicator
Lets take a look at the Stock Market, shall we? 🥰

We see SXP moving within a descending channel, bouncing from our 1.618 fib extension level of 3576.

If SXP is to continue to the upside, breaking the resistance level of 3880, my target would be at approximately 4055 before continuing our way to the downside.

Please see the bars pattern shown in chart.

Trade Safe Friends 🙂
Comment:
Looking at the ltf's
The SXP is moving upwards in a bearish pattern.

Please see chart below:

snapshot
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