S&P 500m
The S&P 500 is approaching a key lateral confluence at 4308/45312- a region defined by the August high-day close, the 61.8% retracement of the 2022 decline and channel resistance.
Looking for possible inflection / price exhaustion into this threshold.
A topside breach / close keeps the focus on the upper parallel (blue- currently ~4350s) and the April 2022 outside reversal close at 4393.
Initial support at the 25% parallel (currently ~4240s) with broader bullish invalidation now raised to the monthly opening-range low at 4166.
Michael Boutros, Sr Technical Strategist with FOREX.com
Twitter: MBForex
MBForex
Looking for possible inflection / price exhaustion into this threshold.
A topside breach / close keeps the focus on the upper parallel (blue- currently ~4350s) and the April 2022 outside reversal close at 4393.
Initial support at the 25% parallel (currently ~4240s) with broader bullish invalidation now raised to the monthly opening-range low at 4166.
Michael Boutros, Sr Technical Strategist with FOREX.com
Twitter: MBForex
MBForex
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.