SPX Outlook: Bullish Signs Despite Pullback Risks
$S&P 500(.SPX)$ - $5636 remains as resistance level, rejecting the price for the third consecutive day.
A pullback, filling the gap, would be a healthy development, it would be a likely scenario if $VIX stays above 16.13.
However, exercise caution even if you're a bear. A bullish candlestick has formed on the 4-hour chart, and the 5-day moving average continues to support the price.
Bullish above $5636 for a safer entry.
Drop a 💚 for $NASDAQ 100(NDX)$ and $DJIA(.DJI)$ charts.
$SPDR S&P 500 ETF Trust(SPY)$ $Invesco QQQ(QQQ)$
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- blkgoat00·08-27Great article, would you like to share it?LikeReport