SPx New Forecast
The price is anticipated to approach the resistance levels at 5267 and 5280 before declining to 5249 and 5196. However, the Consumer Price Index (CPI) will have a significant impact on the market. With expectations set at 3.4% or lower, this could bolster bullish trends for indices to reach 5280. Nonetheless, if the CPI is released at 3.4%, the persistently high inflation could trigger movements in the opposite direction.
In the initial scenario, we anticipate a bullish trend reaching first 5267, then 5280. Following this, should the CPI not fall below 3.3%, a bearish trend is expected to commence.
Pivot Line: 5249
Resistance Levels: 5267, 5280, 5302
Support Levels: 5231, 5196, 5150
Today’s expected trading range is between the support 5177 and the resistance 5280.
The price is anticipated to approach the resistance levels at 5267 and 5280 before declining to 5249 and 5196. However, the Consumer Price Index (CPI) will have a significant impact on the market. With expectations set at 3.4% or lower, this could bolster bullish trends for indices to reach 5280. Nonetheless, if the CPI is released at 3.4%, the persistently high inflation could trigger movements in the opposite direction.
In the initial scenario, we anticipate a bullish trend reaching first 5267, then 5280. Following this, should the CPI not fall below 3.3%, a bearish trend is expected to commence.
Pivot Line: 5249
Resistance Levels: 5267, 5280, 5302
Support Levels: 5231, 5196, 5150
Today’s expected trading range is between the support 5177 and the resistance 5280.
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~6 analyses per day. With a clear entry point
more than 1000 pip per week —— Accuracy +88%
SM World and Economy News 24/7
Urgent News ⚡️:
t.me/SM_News_24h
