As warned yesterday, don't be too bullish for #SPX. We had a sell lower and based on price action, we are looking for further down today. Blue zone, bearish below 3552.4.
Now price is firmly below the blue zone, with targets at 3516, 3503.4, 3480-86.5 will offer a strong buy zone, while if we do hit 3454.6, will offer a low risk buy level.
Above, 3552.4, we have 3566.5, 3576.2 as resistance. Unlikely price will go above 3608-14 strong resistance zone today.
Now price is firmly below the blue zone, with targets at 3516, 3503.4, 3480-86.5 will offer a strong buy zone, while if we do hit 3454.6, will offer a low risk buy level.
Above, 3552.4, we have 3566.5, 3576.2 as resistance. Unlikely price will go above 3608-14 strong resistance zone today.
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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.