JZ_Trading

SPX - Support & Resistance levels

SP:SPX   S&P 500 Index
Last Friday's bullish rally was on low volume and price matters how much volume takes place. It consolidated and found value at 2762 as it trapped into a range in the last 4 hours of the trading day.

Presently the market structure is in a range (sideways) and hence from the Renko chart I expect the market traveling to the following levels:

Resistance levels:

2770
2775

Support levels:

2744
2734
2711
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