SPX (S&P500) - Trendline Support Test - Daily - Potential

SPX ( S&P500 ) is currently testing Trendline Support price above $3737.20.

SPX price could potentially bounce up from trendline support to the price targets above: $3894.86, $4000, $4100.

FOMC Statements & Press Conference policy changes could cause extra volatility this week and month for risk assets.

This would mark the 6th major time the SPX price has tested the lower trendline support line.


However, if trendline support Fails, price could eventually fall down to $3700, $3600, $3500 below.


Utilize stop loss, profit target, position sizing, and risk management.


All content is Not financial advice. Trade at your own risk.

Trade closed: target reached:

all SPY bullish swing trading Targets reached on 07/19/2022, 07/25/22, and 08/02/2022.