alanmasters
Long

The S&P 500 Starts To Bounce? Support & Resistance Mapped

SPCFD:SPX   S&P 500 Index
The S&P 500 (SPX) is now starting to bounce.
The sellers are exhausted according to the indicators and we are seeing a strong jump taking place today.

We have more details on the chart above.

We believe that prices can bounce before producing one final strong drop , but it all depends on how these support and resistance levels are handled, we remain open to all scenarios.

If prices move up and stay above the "resistance zone", the bulls take control, but if they move lower, the "support zone" can be tested.

If prices for the SPX manages to go below the "support zone", then we can expect more red and lower targets as shown in my previous long-term weekly analysis.

If support holds, we can expect prices to move back up.
You can find my previous weekly analysis here: https://www.tradingview.com/u/alanmaster...

Thanks a lot for reading...
Remember to hit LIKE to show your support.

Namaste.
Comment: 🏆 Metal Trade Results | MTLBTC (+107%)

🌐 Alan Masters Trades
(🔥 45%OFF: 45OFFAM)
https://alanmasterstrades.com

➡️ Telegram / Chat
https://t.me/AMTrades

🅰️ Alan Masters Crypto
https://t.me/AMC1REGBOT

⭐️ Binance Calls
https://t.me/BCREGBOT

💎 BITMEX BLACK LIFETIME
https://t.me/BBLREGBOT

Comments

Your charts are always amazing, I sure wish I could learn how it's done. For now, I just follow "The Master"...

Thanks for all you do...
+1 Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out