SPx (Strong Volatility)S&P 500
The price is on a bearish trajectory aiming for 4997, and it needs to close a 4-hour candle below this level to extend the downtrend towards 4953. The upcoming Federal Reserve rate decision will influence the S&P market. Meanwhile, the price is expected to fluctuate between 4997 and 5039 until a breakout occurs, with a potential retest of 5040 also possible. however, the price will move between 4997 and 5039 till breaking,
there is also some retest possibility to get 5040
Pivot Line: 5025
Resistance Levels: 5054, 5080, 5104
Support Levels: 4997, 4954, 4935
Today’s expected trading range is between the support at 4953 and the resistance at 5054.