SPX - Support & Resistance levels
Last Friday's bullish rally was on low volume and price matters how much volume takes place. It consolidated and found value at 2762 as it trapped into a range in the last 4 hours of the trading day.
Presently the market structure is in a range (sideways) and hence from the Renko chart I expect the market traveling to the following levels:
Resistance levels:
2770
2775
Support levels:
2744
2734
2711
Presently the market structure is in a range (sideways) and hence from the Renko chart I expect the market traveling to the following levels:
Resistance levels:
2770
2775
Support levels:
2744
2734
2711
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