The SPX 500 Pullbacks for the sixth time since 11th June 2020 and now seeks support at 4267 (Weekly Supertrend). It needs to break above the daily supertrend resistance at 4538 to resume its medium and long term uptrend.
SPX is long 4hr at 4317 on 071021 and short Day charts at 4439 since 170921
Weekly pivot support at 4267 will serve as strong support for this pullback
The daily ichimoku cloud SSSA line has served as the buy area for pullback for 16 months since the uptrend started
LONG TERM UPTREND since 011220
MEDIUM UPTREND since 010620
SHORT TERM PULLBACK since 170921
PIVOT 4538
Short positions below 4538 for 4267 and 4112
Long positions above 4538 targets new all time highs
SPX is long 4hr at 4317 on 071021 and short Day charts at 4439 since 170921
Weekly pivot support at 4267 will serve as strong support for this pullback
The daily ichimoku cloud SSSA line has served as the buy area for pullback for 16 months since the uptrend started
LONG TERM UPTREND since 011220
MEDIUM UPTREND since 010620
SHORT TERM PULLBACK since 170921
PIVOT 4538
Short positions below 4538 for 4267 and 4112
Long positions above 4538 targets new all time highs
Quant Strategic Singapore