SPx New Forecast
The price of the S&P 500 reversed from its support line at 5266 and can now reach the resistance line at approximately 5305, with the potential to touch 5320 as well.
If the price remains below 5305 and 5320, it will likely fall back to the support line at 5266. Breaking this level could extend the bearish trend towards 5226.
Pivot Line: 5305
Resistance Levels: 5325, 5350, 5400
Support Levels: 5266, 5227, 5193
Today’s expected trading range is between the support 5266 and the resistance 5325.