SPx Maintains Bullish Trend After Successful Retest, Targets5412
S&P 500 Maintains Bullish Trend After Successful Retest, Targets 5412
The S&P 500 (SPX) has stabilized within a bullish trend by holding above 5,327, targeting 5,363 and 5,412 soon, especially after the successful retest it completed yesterday. The current volatility and technical indicators continue to suggest bullish momentum.
Bullish Scenario:
As long as the price trades above 5356, it will support a bullish trend toward 5412
Bearish Scenario:
the price should drop to stabilize under 5327 to be downtrend toward 5260
Key Levels:
- Pivot Line: 5356
- Resistance Levels: 5412, 5450, 5525
- Support Levels: 5327, 5260, 5214
Today's Expected Trading Range: The price is anticipated to fluctuate between 5291 and 5412.
Direction: looks bullish above 5327
The S&P 500 (SPX) has stabilized within a bullish trend by holding above 5,327, targeting 5,363 and 5,412 soon, especially after the successful retest it completed yesterday. The current volatility and technical indicators continue to suggest bullish momentum.
Bullish Scenario:
As long as the price trades above 5356, it will support a bullish trend toward 5412
Bearish Scenario:
the price should drop to stabilize under 5327 to be downtrend toward 5260
Key Levels:
- Pivot Line: 5356
- Resistance Levels: 5412, 5450, 5525
- Support Levels: 5327, 5260, 5214
Today's Expected Trading Range: The price is anticipated to fluctuate between 5291 and 5412.
Direction: looks bullish above 5327
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