Structure Play in SPX500

FX:SPX500   S&P 500 Index
1806 5
SPX has broken the structure
Previous it is support
Few Day's Ago it is Resistance
Now we can expect it to become Support Again.
So, wait for the pull back and buy SPX500
when it comes back to the structure.
Look for RSI and Price Action for confirmation
Zoom into Small Time Frame for best Entry
Target: 2070
Good Luck!
Comment: Pull Back to 2004 twice, and now it rally up , make a new high,
Strange... Hmm.... I don't see any resistance broken. Your scenario is possible but more likely price drops to the downside before it reaches the higher level on your chart.
Lanmar Alexander_Nikitin
Yellow rectangle indicated is indeed a strong level of resistance. 2070/2080 presents a good opportunity to go short in my view.
tntsunrise Alexander_Nikitin
The broken resistance in my chart is the zone near to 2000 level. which is previous the neck line. now it breaks up and close above
Yes, I understand what you mean. I just have another view at the markets. For me a trend is a series of lower lows and lower highs. Untill this structure is broken, the downtrend remains active. The last lower high was at your upper yellow rectangle. If price goes above that, only then I would say that resistanse is broken. Untill then it is a potential reversal zone from your lower rectangle to the upper one. Look at my youtube video I attach. This zone is explained as overlapping rectangles.))
These are only my view, don't take it close to heart))
tntsunrise Alexander_Nikitin
Thank you Bro, it's nice to have exchange some views here
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