Friday's levels (www.tradingview.com/...JH0USI-25082023-SPX/) worked well as market sold off almost at the level given, hit the 4358 to the dot before going higher. Now market is back to the highs especially after the up move yesterday.
Overall, price action is bullish and is supported all the zones but somewhat "overbought". Price might pull back to cool off before going higher. 4424 (max low of 4414) or so will be a good level to look for longs for a move higher. But if market did not go down but instead rally to the 4448 strong resistance, will look for reversal candle to look for a move down instead.
Overall, price action is bullish and is supported all the zones but somewhat "overbought". Price might pull back to cool off before going higher. 4424 (max low of 4414) or so will be a good level to look for longs for a move higher. But if market did not go down but instead rally to the 4448 strong resistance, will look for reversal candle to look for a move down instead.
Comment:
4448 traded, moved back to PZ for 20 points before the massive rally.
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