S&P 500 Analysis: Navigating Volatility with Key Price Levels and Scenarios
The S&P 500 price broke through the pivot zone and closed a 4-hour candle above it, continuing its upward trajectory towards 5225.
Intraday Analysis: Today, the S&P 500 price is expected to reach 5525 before descending again towards 5491, stabilizing above 5492.
Bullish Scenario: 5525 will act as a pivotal line for today. If the price reaches this level and breaks through, the bullish trend is likely to continue towards 5550.
Bearish Scenario: Should the price remain below 5525, it is expected to decline towards 5491. A break below 5491 would indicate a further bearish trend, potentially reaching 5460.