The S&P 500 (SPX500USD) is currently approaching the 5,500.0 resistance zone after a strong bullish recovery.
📈 Bullish Scenario:
If price successfully breaks and retests 5,500.0, continuation towards the 5,708.6 resistance zone may follow.
A further break could push the market up to 5,795.6.
📉 Bearish Scenario:
If SPX500USD fails to break and sustain above 5,500.0, a rejection could send price down towards 5,196.8 support.
A deeper breakdown below 5,196.8 could extend losses towards 4,859.8.
⚠️ Risk Disclaimer:
This is not financial advice or a trading signal. Always confirm market conditions using your own strategy before making any decisions.
📈 Bullish Scenario:
If price successfully breaks and retests 5,500.0, continuation towards the 5,708.6 resistance zone may follow.
A further break could push the market up to 5,795.6.
📉 Bearish Scenario:
If SPX500USD fails to break and sustain above 5,500.0, a rejection could send price down towards 5,196.8 support.
A deeper breakdown below 5,196.8 could extend losses towards 4,859.8.
⚠️ Risk Disclaimer:
This is not financial advice or a trading signal. Always confirm market conditions using your own strategy before making any decisions.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.