As I expected in the previous idea, the S&P 500 index(
SPX500) started to decline and reached all of its targets.
Currently, the S&P 500 is moving near a support zone($6,581-$6,489), and a fake break below it has formed. However, after this fake break, the momentum moved in the opposite direction.
From a classic technical analysis perspective, on the 1-hour timeframe, it looks like a bullish flag pattern is forming on the S&P 500 index.
I expect that in the next few hours, the S&P 500 will start to rise again with increased volume and reach at least $6,671.
First Target: $6,671
Second Target: resistance zone($6,777-$6,711)
Stop Loss(SL): $6,491
Points may shift as the market evolves
What do you think about the S&P 500 index and the U.S. stock market?
Note: Due to Bitcoin's(
BTCUSDT) high correlation with the S&P 500 index these days, if the index rises again, it could drive Bitcoin's price higher.
Note: In case of escalating Middle East tensions in the coming days, we might see a sudden drop in the S&P 500. Thus, managing capital is crucial, especially these days when markets fluctuate more on news and statements.
💡 Please respect each other's opinions and express agreement or disagreement politely.
📌 S&P 500 Index Analyze (SPX500USD), 1-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.
SPX500) started to decline and reached all of its targets.Currently, the S&P 500 is moving near a support zone($6,581-$6,489), and a fake break below it has formed. However, after this fake break, the momentum moved in the opposite direction.
From a classic technical analysis perspective, on the 1-hour timeframe, it looks like a bullish flag pattern is forming on the S&P 500 index.
I expect that in the next few hours, the S&P 500 will start to rise again with increased volume and reach at least $6,671.
First Target: $6,671
Second Target: resistance zone($6,777-$6,711)
Stop Loss(SL): $6,491
Points may shift as the market evolves
What do you think about the S&P 500 index and the U.S. stock market?
Note: Due to Bitcoin's(
BTCUSDT) high correlation with the S&P 500 index these days, if the index rises again, it could drive Bitcoin's price higher.Note: In case of escalating Middle East tensions in the coming days, we might see a sudden drop in the S&P 500. Thus, managing capital is crucial, especially these days when markets fluctuate more on news and statements.
💡 Please respect each other's opinions and express agreement or disagreement politely.
📌 S&P 500 Index Analyze (SPX500USD), 1-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.
Сделка активна
Trade was activated Сделка закрыта: достигнута стоп-лосс цена
Stop Loss was touched
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🚀 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
Похожие публикации
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.