SPx continues to move towards a new bullish area.

6月19日

S&P 500 Index Technical Analysis

The S&P 500 (SPX) has maintained its bullish trend as anticipated and continues to move towards a new bullish area.

• Intraday Analysis:
  Today, the price may stabilize above 5502 to continue the bullish trend towards 5530 and 5550.
  
  
• Bullish Scenario:
  As long as the price trades above 5502, the bullish trend is likely to continue, targeting 5530 and 5550. There is also a possibility of a price correction down to 5480 before pushing up again.
  
  
• Bearish Scenario:
  If the price drops and stabilizes below 5479, it may enter a downtrend towards 5438 and 5410.
  
  
• Key Levels:
  - Pivot Line: 5502
  - Resistance Levels: 5530, 5550, 5595
  - Support Levels: 5479, 5440, 5410
  
  
• Today's Expected Trading Range:
  The anticipated movement range for today is between the resistance at 5550 and the support at 5479.
  
  Summary:
  Maintaining a position above 5479 supports a bullish outlook, aiming for higher resistance levels. Conversely, trading below 5479 indicates a bearish trend, with potential support targets at 5438 and below.

6月20日

注释

the price reached the target we mentioned 5529 and now will consolidate between 5529 and 5502 till breaking