SPX: Another Top sign? Watch these KEY POINTS!
• The index is stabilizing today, showing some weakness. This could be a possible top sign, but there’s no confirmation yet;
• From my perspective, the index has to lose the area around 3,950 in order to do a decent correction, otherwise, it’ll just keep moving sideways for a while, before resuming the bull trend;
• If it triggers a pullback, our support levels are the same I mentioned yesterday (1st at 3,911, 2nd at the 21 ema). The link to my previous analysis is below this post, as usual;
• Either way, since a pullback is not a reversal, the bull trend would still persist, and our target at 4,119 would still be valid in this scenario;
• To sum up, let’s pay attention to the 3,950 area, along with the next support/resistance levels mentioned in this analysis.
Remember to follow me to keep in touch with my analyses!
• From my perspective, the index has to lose the area around 3,950 in order to do a decent correction, otherwise, it’ll just keep moving sideways for a while, before resuming the bull trend;
• If it triggers a pullback, our support levels are the same I mentioned yesterday (1st at 3,911, 2nd at the 21 ema). The link to my previous analysis is below this post, as usual;
• Either way, since a pullback is not a reversal, the bull trend would still persist, and our target at 4,119 would still be valid in this scenario;
• To sum up, let’s pay attention to the 3,950 area, along with the next support/resistance levels mentioned in this analysis.
Remember to follow me to keep in touch with my analyses!
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