SroshMayi

S&P 500 INDEX - 4H (Bearish tendency)

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OANDA:SPX500USD   S&P 500指数
Hello Everyone there is the S&P 500 Index
SPX500USD Outlook

The price can stabilize at the bearish zone after failing to cross 4580 which is the resistance line

There are two scenarios for the SPx Index:
First Scenario:
breaking 4580 by closing the 4h candles, will remain a bullish trend to the next resistance which is located at 4649

Second Scenario:
as long as the price trades under 4580 will support falling to get 4526, and to continue the bearish trend should break 4494

Now we are at the first scenario (bearish tendency)

Pivot line: 4580
Resistance Prices: 4603 & 4632 & 4649
Support Prices: 4526 & 4494 & 4442

The movement range will be between 4580 and 4494

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