Hello everyone,
SPx500 4H NEW FORECAST
The index price was forced to offer new sideways trades by settling near the barrier represented by the 5225 level, trying to gather additional positive momentum to enable it to confirm the breach of this barrier and reach the additional stations positioned at 5243 and 5265, respectively.
The risk of changing the trend for the current period lies in an attempt to drop the price below the additional support centered at 5225, which may contribute to activating the downward corrective path, causing the price to incur some losses as it gravitates towards 5206 and 5182 before touching any new positive target.
Pivot Line : 5225
Resistance Line : 5243, 5265, 5280
Support Line : 5206, 5182, 5163
SPx500 4H NEW FORECAST
The index price was forced to offer new sideways trades by settling near the barrier represented by the 5225 level, trying to gather additional positive momentum to enable it to confirm the breach of this barrier and reach the additional stations positioned at 5243 and 5265, respectively.
The risk of changing the trend for the current period lies in an attempt to drop the price below the additional support centered at 5225, which may contribute to activating the downward corrective path, causing the price to incur some losses as it gravitates towards 5206 and 5182 before touching any new positive target.
Pivot Line : 5225
Resistance Line : 5243, 5265, 5280
Support Line : 5206, 5182, 5163
