The S&P 500 Index (SPX) faced strong rejection at the upper resistance zone near 6,400, where -243B was sold, signaling aggressive institutional distribution. This area aligns with the broader -3.4T monthly level, confirming it as a significant ceiling.
Multiple support levels lie below. The first key zone near 6,200 is being tested. If broken, deeper liquidity pockets are visible around 6,000 and 5,700, where 162B was previously absorbed. Further down, the high-volume August 2023 level near 5,000 remains a macro support with 920B of institutional activity.
Upside target (if reclaimed): 6,400
Downside target (if breakdown continues): 5,700 → 5,000
#SPX #globaltrade #investment #investing #stockmarket #wealth #realestate #markets #economy #finance #money #forex #trading #price #business #currency #blockchain #crypto #cryptocurrency #airdrop #btc #ethereum #ico #altcoin #cryptonews #Bitcoin #ipo
Multiple support levels lie below. The first key zone near 6,200 is being tested. If broken, deeper liquidity pockets are visible around 6,000 and 5,700, where 162B was previously absorbed. Further down, the high-volume August 2023 level near 5,000 remains a macro support with 920B of institutional activity.
Upside target (if reclaimed): 6,400
Downside target (if breakdown continues): 5,700 → 5,000
#SPX #globaltrade #investment #investing #stockmarket #wealth #realestate #markets #economy #finance #money #forex #trading #price #business #currency #blockchain #crypto #cryptocurrency #airdrop #btc #ethereum #ico #altcoin #cryptonews #Bitcoin #ipo
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.