Hello everyone,
SPx500 4H NEW FORECAST
The index price maintained its positive stability above the additional support centered at 5260 , achieving some gains by touching the level of 5270.
General stability within the axes of the ascending channel, and by attempting to present the Stochastic indicator of positive momentum, this will increase the chances of the price soon targeting the resistance extending towards 5350.00, and exceeding it will confirm its move to a new positive phase.
However, if the price falls below the additional support mentioned previously and presents a negative close, this will force it to postpone the upward attack and begin the downward corrective path, thereby incurring some losses by sneaking towards 5225 and 5193a, respectively.
