• The SPX is still bullish, as it is doing higher highs/lows, and there’s not a single bearish structure indicating a top sign (not at the moment, at least);
• The key support seems to the area around 3,900, as it is a key support seen in the 1h and D chart alike;
• Any pullback to the 3,900 would be normal and acceptable, if we see a top sign, however, if SPX loses this key support, the 21 ema in the daily chart would be the next stop for it;
• Either way, the trend is still bullish. Could it reverse? Yes, but we have yet to see a top sign on it. I’ll keep you guys posted on it every day.
Remember to follow me to keep in touch with my analyses!
• The key support seems to the area around 3,900, as it is a key support seen in the 1h and D chart alike;
• Any pullback to the 3,900 would be normal and acceptable, if we see a top sign, however, if SPX loses this key support, the 21 ema in the daily chart would be the next stop for it;
• Either way, the trend is still bullish. Could it reverse? Yes, but we have yet to see a top sign on it. I’ll keep you guys posted on it every day.
Remember to follow me to keep in touch with my analyses!
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