As I expected in the previous idea, the S&P 500 index(
SPX) started to rise and reached all of its targets(full target).
At the moment, the S&P 500 index seems to have broken the resistance zone($6,777-$6,709) and has formed an ascending channel during this recent rise.
From an Elliott Wave perspective, it appears that the S&P 500 index is completing its main wave 4, and we can anticipate another upward move as the main wave 5.
I expect the S&P 500 index to continue its upward trend in the coming hours and rise at least to $6,846.
Target: $6,846
Stop Loss(SL): $6,691
Points may shift as the market evolves
What do you think about the S&P 500 index and the U.S. stock market?
Note: A very important trading level is $6,860, which is a key level. If it’s broken, we could see new all-time highs for the S&P 500 index.
Note: the ongoing negotiations and ceasefire in the Middle East between Iran, the U.S., and Israel could play a significant role in continuing or halting the upward trend, so we must follow updates on that conflict.
💡 Please respect each other's opinions and express agreement or disagreement politely.
📌 S&P 500 Index Analyze (SPX500USD), 4-hour time frame.
🛑 Always set a Stop Loss(SL) for every position you open.
✅ This is just my idea; I’d love to see your thoughts too!
🔥 If you find it helpful, please BOOST this post and share it with your friends.
SPX) started to rise and reached all of its targets(full target).At the moment, the S&P 500 index seems to have broken the resistance zone($6,777-$6,709) and has formed an ascending channel during this recent rise.
From an Elliott Wave perspective, it appears that the S&P 500 index is completing its main wave 4, and we can anticipate another upward move as the main wave 5.
I expect the S&P 500 index to continue its upward trend in the coming hours and rise at least to $6,846.
Target: $6,846
Stop Loss(SL): $6,691
Points may shift as the market evolves
What do you think about the S&P 500 index and the U.S. stock market?
Note: A very important trading level is $6,860, which is a key level. If it’s broken, we could see new all-time highs for the S&P 500 index.
Note: the ongoing negotiations and ceasefire in the Middle East between Iran, the U.S., and Israel could play a significant role in continuing or halting the upward trend, so we must follow updates on that conflict.
💡 Please respect each other's opinions and express agreement or disagreement politely.
📌 S&P 500 Index Analyze (SPX500USD), 4-hour time frame.
🛑 Always set a Stop Loss(SL) for every position you open.
✅ This is just my idea; I’d love to see your thoughts too!
🔥 If you find it helpful, please BOOST this post and share it with your friends.
Trade attivo
Trade was activatedTrade chiuso: obiettivo raggiunto
Full Target Done
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-----
🎁 Free VIP Forex and Crypto Signals, please visit:
🔗 t.me/ProTrader_365
Pubblicazioni correlate
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Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
🚀 Up to 75% Trading Fee Rebates Across 20+ Exchanges:
🤖 t.me/Protrader365bot
-----
🎁 Free VIP Forex and Crypto Signals, please visit:
🔗 t.me/ProTrader_365
🤖 t.me/Protrader365bot
-----
🎁 Free VIP Forex and Crypto Signals, please visit:
🔗 t.me/ProTrader_365
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.