The S&P 500 Index (SPX500USD) is currently trading near a significant supply zone around 5885–5925. Price has shown clear rejection here multiple times, indicating strong selling pressure from institutional players.
Key Levels:
Resistance Zone: 5885–5925 (Supply Zone)
First Support: 5659.1 – former resistance, now turned key support
Major Demand Zone: 5355.3 – 5400, marked by high-volume accumulation (Visible Range POC)
Bearish Scenario: If price fails to break above the 5925 resistance, we may see a potential sell-off toward 5659 first, and possibly down to the 5355 demand zone, especially with upcoming US economic data later this week (as marked by the calendar icons).
Watch For:
Rejection candles or bearish engulfing around 5885–5925
Break and close below 5659 for further downside confirmation
Strong bullish momentum only above 5930 to invalidate bearish bias
Bias: Bearish unless 5930 is broken convincingly.
Technical Tools Used:
Supply & Demand Visible Range (LuxAlgo)
Volume Profile Support Zones
Price Action Structure (1H)
What do you think? Will SPX500 hold the resistance or break to new highs? Let’s discuss!
#SPX500 #SP500 #TradingView #Forex #Indices #TechnicalAnalysis #SupplyAndDemand #PriceAction #SwingTrading
Key Levels:
Resistance Zone: 5885–5925 (Supply Zone)
First Support: 5659.1 – former resistance, now turned key support
Major Demand Zone: 5355.3 – 5400, marked by high-volume accumulation (Visible Range POC)
Bearish Scenario: If price fails to break above the 5925 resistance, we may see a potential sell-off toward 5659 first, and possibly down to the 5355 demand zone, especially with upcoming US economic data later this week (as marked by the calendar icons).
Watch For:
Rejection candles or bearish engulfing around 5885–5925
Break and close below 5659 for further downside confirmation
Strong bullish momentum only above 5930 to invalidate bearish bias
Bias: Bearish unless 5930 is broken convincingly.
Technical Tools Used:
Supply & Demand Visible Range (LuxAlgo)
Volume Profile Support Zones
Price Action Structure (1H)
What do you think? Will SPX500 hold the resistance or break to new highs? Let’s discuss!
#SPX500 #SP500 #TradingView #Forex #Indices #TechnicalAnalysis #SupplyAndDemand #PriceAction #SwingTrading
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✅JOIN FREE FOREX AND CRYPTO SIGNALS :
t.me/frankfxforextrade
✅ EXNESS:frankfxx.com/exness
✅ ICMARKETS:frankfxx.com/icmarkets
✅ XM:frankfxx.com/xm
t.me/frankfxforextrade
✅ EXNESS:frankfxx.com/exness
✅ ICMARKETS:frankfxx.com/icmarkets
✅ XM:frankfxx.com/xm
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.