SroshMayi

SPx (Bearish Momentum)

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OANDA:SPX500USD   S&P 500指数
S&P 500 New Forecast

The price is expected to fluctuate between 5055 and 5019 until it breaks out. Initially, it will aim to reach 5055, but if it remains below this resistance level, it will likely fall back to 5019. If the price further consolidates below 5019, it will continue on a bearish path, with the next targets set at 4997 and 4953.

On the other hand, if a four-hour candle closes above 5055, the price is projected to advance to 5080.

Pivot line: 5055
Resistance Prices: 5080 & 5140 & 5178
Support Prices: 5019 & 4998 & 4953

The movement range will be between support 4953 and Resistance 5080


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