SP 500 Next days o Weeks
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SP 500 is in a neutral period, the location of the price in the middle of mobiles that offer resistance and also supports will have us in the next few days in a range, a downward minimum near $421 and a maximum around $441, if it breaks the $421 could reach $412, the worst case scenario is $392, otherwise if it breaks $441 it would go looking for the previous highs, the news will influence the way. My most likely reading according to the charts in 1 and 4 hour, daily and weekly time frames is that the price decides to go further down at this time rather than up in the coming days, even if it reaches $441 it will be difficult for this to happen. continuity to overcome new highs, while if it breaks $421 the probability of reaching $412 is high, there we will see the scenario to see if a definitive rebound begins or we will continue to look for $392; doing daily and weekly monitoring is the task
SP 500 is in a neutral period, the location of the price in the middle of mobiles that offer resistance and also supports will have us in the next few days in a range, a downward minimum near $421 and a maximum around $441, if it breaks the $421 could reach $412, the worst case scenario is $392, otherwise if it breaks $441 it would go looking for the previous highs, the news will influence the way. My most likely reading according to the charts in 1 and 4 hour, daily and weekly time frames is that the price decides to go further down at this time rather than up in the coming days, even if it reaches $441 it will be difficult for this to happen. continuity to overcome new highs, while if it breaks $421 the probability of reaching $412 is high, there we will see the scenario to see if a definitive rebound begins or we will continue to look for $392; doing daily and weekly monitoring is the task
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The SP500 has reached the first price target of $421, the pressure on the weekly chart continues showing a greater probability of continuing downwards, the $400 as a figure offers great resistance, but let's see if the pressure would lead the price to look for $393 Dollars. I consider that the new Christmas rally would start more at these lower prices than at the current price; What good prices for an upward trade, the minimums indicated above
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