SPx 500 (consolidation movement )

30 июл.

S&P 500 Analysis: Consolidation for today

The S&P 500 reached the target we mentioned which is 5460 from 5491, however, the price today will consolidate between 5491 and 5460 till breaking

Bullish Scenario:
Stability above 5491 means will get 5512 and above it will get 5549

**Bearish Scenario:**
As long as trades under 5491 will try to trade at the bearish zone toward 5460 and then should break that to continue the bearish trend toward 5438

Key Levels:
- Pivot Line: 5491
- Resistance Levels: 5512, 5525, 5549
- Support Levels: 5460, 5438, 5409

Today's Expected Trading Range:
The expected trading range is between the resistance at 5512 and the support at 5409