US 500
Long
Updated

SPX - Is it possible to bounce back from a support zone?

192
It is true that the order flow on the daily and smaller time frames is bearish, but on the weekly time frame we are in an upward order flow.

Recently the price has reached a support area on the weekly time frame, which could lead to a price reversal to the upside in the short term.

Everything is indicated on the chart
What do you think?
Trade closed: target reached

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.