Yesterday, I said 4796 is a magnetic resistance, expecting price to hit it, expect rejection from it (tradingview.com/chart/SPX500USD/7yoOip0S-SPX-26122023/). Indeed, market rallied 30 points to touch it before pulling back half (to 4782).
I would continue to say buy on dip till proven otherwise. On shallow pullback, 4778 will launch a move to 4818 (next strong resistance), on break of 4796. On a deeper pullback, 4766 before a move higher, with 4836 next.
I would continue to say buy on dip till proven otherwise. On shallow pullback, 4778 will launch a move to 4818 (next strong resistance), on break of 4796. On a deeper pullback, 4766 before a move higher, with 4836 next.
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Join me for free on Patreon (patreon.com/fademeifyoucan) to receive my daily FX and indices trading plan. DM me to join my new group to learn all my trading levels and to trade together.
Disclaimer
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.