SPX (S&P 500) - Potential Pullback In Play

The SPX (S&P 500 index) has been in a uptrend, making a series of higher-highs and higher-lows in price.

A potential pullback play is forming, and the price could fall to the horizontal support levels or support trendline.

Support levels: 3162.39 and 3131.83 and 3024.60.

Resistance levels: 3234.47 and 3263.00 and 3328.58.

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Comment:

06/11/2020: First set of Support targets reached.

Second set of Support Targets for SPX: 2964.60 and 2844.50 and 2777.81.

Trade closed: target reached:

SPX: Target Completed.