S&P500 Index -Liquidity Zone consolidation

21 окт.

Technical Analysis:
The price is currently trading within a liquidity zone between 5,849 and 5,891, showing consolidation. A retest of this liquidity zone is likely, with a potential rejection if the price fails to break above 5,891.
If the price breaks and holds above the 5,891 level, the next target would be the resistance line at around 5,939.
On the downside, a rejection from the liquidity zone could send the price back down towards the support line near 5,825 or even further towards 5,781.

Correct Direction:
Bearish: If the price fails to break above 5,891 and the liquidity zone holds as resistance, the price is likely to move towards 5,825 or lower.
Bullish: If the price breaks and closes above 5,891, a bullish continuation towards 5,939 is expected.
The overall bias is bearish unless there is a confirmed breakout above the liquidity zone.

Key Levels:
Pivot Point: 5863
Resistance Levels: 5891, 5915, 5939
Support Levels: 5836, 5807, 5781

Trend Outlook:
Bearish below 5863
Bullish above 5891

23 окт.

Сделка закрыта: достигнута тейк-профит цена

SPx Update

Technical Analysis:
The price has retested the resistance at 5863 and subsequently declined.

Currently, it is expected to attempt to reach 5824. However, the price is likely to consolidate between 5863 and 5824 until a breakout occurs.

As long as the price remains below 5863, it is likely to fall further toward 5824, and a sustained move below 5824 could push it down to 5807. Conversely, a break above 5863 would shift the bias to bullish, with the next target at 5891.

Key Levels:
Pivot Point: 5863
Resistance Levels: 5891, 5915, 5939
Support Levels: 5824, 5812, 5781

Trend Outlook:
Bearish below 5863
Bullish above 5864