The SPX reached the zone we highlighted earlier and entered a corrective phase. Price has now arrived at the key yellow support area, where we expect buyers to step in.
If this zone fails to hold, we could see a deeper correction and lower price levels ahead.
Since the primary trend remains bullish, it's important to stay more active with long positions and be more selective and cautious with short positions.
We'll continue to update the analysis as the market develops.
#US500 #S&P500
If this zone fails to hold, we could see a deeper correction and lower price levels ahead.
Since the primary trend remains bullish, it's important to stay more active with long positions and be more selective and cautious with short positions.
We'll continue to update the analysis as the market develops.
#US500 #S&P500
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