SPX $5174 serves as the current support to monitor

Update from the weekend editions:

“An open (on Monday) at or above $5092 is still in a bullish spectrum, but that level cannot be lost” (published with the S/R levels on Friday).

“The market ( $S&P 500(.SPX)$ ) can continue moving towards ####, that scenario can be considered only if the 50 Daily Moving average is conquered...” (Weekend edition on Saturday).

***Current context:

SPX opened the week above the bullish threshold ($5092) and 50DMA was conquered, the index is moving northbound eyeing the resistance shared last Saturday.

$5174 serves as the current support to monitor.

***Also mentioned during the weekend:

“If price continues green, watch out the level for $Cboe Volatility Index(VIX)$ ”

***Some considerations:

⚠️The two gaps recently left behind are imperfections in the bounce, but don’t fight the trend when the levels are not broken.

✅ The current price action is raising support levels, day by day the worst case scenario is moving up from the $48#0 mentioned to subscribers.

ℹ️Things will get interesting when oscillators become overbought again.

ℹ️A straight line to All Time Highs is NOT expected, see today’s preliminary daily candle, it looks pretty much as a potential evening star⚠️.

ℹ️ℹ️ℹ️The strength of this bull is in SPX above $5174 and low VIX.

$Apple(AAPL)$ has not retuned below the Bollinger high while $Meta Platforms, Inc.(META)$ is facing its 20DMA with a daily doji.

Image

https://twitter.com/SmartReversals/status/1787904789549883537

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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still in a bullish spectrum, but that level cannot be lost” (published with the S/R levels on Friday).</p><p>“The market ( <a data-mention-id=\".SPX\" class=\"teditor-mention\" data-mention-name=\"S&amp;P 500\" href=\"https://ttm.financial/S/.SPX\">$S&amp;P 500(.SPX)$</a> ) can continue moving towards ####, that scenario can be considered only if the 50 Daily Moving average is conquered...” (Weekend edition on Saturday).</p><p>***Current context:</p><p>SPX opened the week above the bullish threshold ($5092) and 50DMA was conquered, the index is moving northbound eyeing the resistance shared last Saturday.</p><p><strong>$5174 serves as the current support to monitor.</strong></p><p>***Also mentioned during the weekend:</p><p>“If price continues green, watch out the level for  <a data-mention-id=\"VIX\" class=\"teditor-mention\" data-mention-name=\"Cboe Volatility Index\" href=\"https://ttm.financial/S/VIX\">$Cboe Volatility Index(VIX)$</a> ”</p><p>***Some considerations:</p><p>⚠️The two gaps recently left behind are imperfections in the bounce, but don’t fight the trend when the levels are not broken.</p><p>✅ The current price action is raising support levels, day by day the worst case scenario is moving up from the $48#0 mentioned to subscribers.</p><p>ℹ️Things will get interesting when oscillators become overbought again.</p><p>ℹ️A straight line to All Time Highs is NOT expected, see today’s preliminary daily candle, it looks pretty much as a potential evening star⚠️.</p><p>ℹ️ℹ️ℹ️The strength of this bull is in SPX above $5174 and low VIX.</p><p> <a data-mention-id=\"AAPL\" class=\"teditor-mention\" data-mention-name=\"Apple\" href=\"https://ttm.financial/S/AAPL\">$Apple(AAPL)$</a> has not retuned below the Bollinger high while <a data-mention-id=\"META\" class=\"teditor-mention\" data-mention-name=\"Meta Platforms, Inc.\" href=\"https://ttm.financial/S/META\">$Meta Platforms, Inc.(META)$</a> is facing its 20DMA with a daily doji.</p><p class=\"t-img-caption\"><img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/8ae1c52f571a2b1a9b5face12a3e37b9\" tg-width=\"680\" tg-height=\"393\"><span>Image</span></p><p>https://twitter.com/SmartReversals/status/1787904789549883537</p></body></html>","htmlText":"<html><head></head><body><p>Update from the weekend editions:</p><p>“An open (on Monday) at or above $5092 is still in a bullish spectrum, but that level cannot be lost” (published with the S/R levels on Friday).</p><p>“The market ( <a data-mention-id=\".SPX\" class=\"teditor-mention\" data-mention-name=\"S&amp;P 500\" href=\"https://ttm.financial/S/.SPX\">$S&amp;P 500(.SPX)$</a> ) can continue moving towards ####, that scenario can be considered only if the 50 Daily Moving average is conquered...” (Weekend edition on Saturday).</p><p>***Current context:</p><p>SPX opened the week above the bullish threshold ($5092) and 50DMA was conquered, the index is moving northbound eyeing the resistance shared last Saturday.</p><p><strong>$5174 serves as the current support to monitor.</strong></p><p>***Also mentioned during the weekend:</p><p>“If price continues green, watch out the level for  <a data-mention-id=\"VIX\" class=\"teditor-mention\" data-mention-name=\"Cboe Volatility Index\" href=\"https://ttm.financial/S/VIX\">$Cboe Volatility Index(VIX)$</a> ”</p><p>***Some considerations:</p><p>⚠️The two gaps recently left behind are imperfections in the bounce, but don’t fight the trend when the levels are not broken.</p><p>✅ The current price action is raising support levels, day by day the worst case scenario is moving up from the $48#0 mentioned to subscribers.</p><p>ℹ️Things will get interesting when oscillators become overbought again.</p><p>ℹ️A straight line to All Time Highs is NOT expected, see today’s preliminary daily candle, it looks pretty much as a potential evening star⚠️.</p><p>ℹ️ℹ️ℹ️The strength of this bull is in SPX above $5174 and low VIX.</p><p> <a data-mention-id=\"AAPL\" class=\"teditor-mention\" data-mention-name=\"Apple\" href=\"https://ttm.financial/S/AAPL\">$Apple(AAPL)$</a> has not retuned below the Bollinger high while <a data-mention-id=\"META\" class=\"teditor-mention\" data-mention-name=\"Meta Platforms, Inc.\" href=\"https://ttm.financial/S/META\">$Meta Platforms, Inc.(META)$</a> is facing its 20DMA with a daily doji.</p><p class=\"t-img-caption\"><img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/8ae1c52f571a2b1a9b5face12a3e37b9\" tg-width=\"680\" tg-height=\"393\"><span>Image</span></p><p>https://twitter.com/SmartReversals/status/1787904789549883537</p></body></html>","text":"Update from the weekend editions: “An open (on Monday) at or above $5092 is still in a bullish spectrum, but that level cannot be lost” (published with the S/R levels on Friday). “The market ( $S&P 500(.SPX)$ ) can continue moving towards ####, that scenario can be considered only if the 50 Daily Moving average is conquered...” (Weekend edition on Saturday). ***Current context: SPX opened the week above the bullish threshold ($5092) and 50DMA was conquered, the index is moving northbound eyeing the resistance shared last Saturday. $5174 serves as the current support to monitor. ***Also mentioned during the weekend: “If price continues green, watch out the level for $Cboe Volatility Index(VIX)$ ” ***Some considerations: ⚠️The two gaps recently left behind are imperfections in the bounce, but don’t fight the trend when the levels are not broken. ✅ The current price action is raising support levels, day by day the worst case scenario is moving up from the $48#0 mentioned to subscribers. ℹ️Things will get interesting when oscillators become overbought again. ℹ️A straight line to All Time Highs is NOT expected, see today’s preliminary daily candle, it looks pretty much as a potential evening star⚠️. ℹ️ℹ️ℹ️The strength of this bull is in SPX above $5174 and low VIX. $Apple(AAPL)$ has not retuned below the Bollinger high while $Meta Platforms, Inc.(META)$ is facing its 20DMA with a daily doji. 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