SPX - Reversing From High
Summary: The price is currently stable in a sensitive area, with a higher likelihood of a decline. We expect the support level at 6026 to be broken, and if this occurs, a sharp decline is anticipated toward the 5954 level.
Generally, the direction is an uptrend
Uptrend Side: The price needs to rise and break the resistance at 6072 in order to reach the final resistance at 6099.
Downtrend Side: However, the chart predominantly suggests a bearish outlook. We expect that once the price reaches 6026, especially if it breaks this level, the bearish trend will resume, targeting the support levels at 5954.
Tendency Keys:6026
Generally, the direction is an uptrend
Uptrend Side: The price needs to rise and break the resistance at 6072 in order to reach the final resistance at 6099.
Downtrend Side: However, the chart predominantly suggests a bearish outlook. We expect that once the price reaches 6026, especially if it breaks this level, the bearish trend will resume, targeting the support levels at 5954.
Tendency Keys:6026
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With Clear entry point and target line with stopout zone
~900 pips per week —— Accuracy more than 88%
with best learning
Be Stronger With us
THANKS for your support
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