█ OVERVIEW
1M chart used here - the
SPX 1M close has broken down below the monthly trend line that has been used as support since September 2022.
Note the similar break down in December 2021.
█ TAKEAWAYS
Happy Trading.
ET
1M chart used here - the
SPX 1M close has broken down below the monthly trend line that has been used as support since September 2022. Note the similar break down in December 2021.
█ TAKEAWAYS
- Expecting support ranges from mid-late 2022 and early 2023 tested: 4100, 4000, 3700
- Interest rate hikes would ensure these to be tested sooner rather than later
- Keep an eye out for a bounce to retest that broken trend line around 4300. Major resistances exist at 4300, 4400 and 4600 respectively
Happy Trading.
ET
Eric Thies
Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Eric Thies
Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.