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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. $SPDR S&P 500 ETF Trust(SPY)$ $Invesco QQQ(QQQ)$ Image https://x.com/SmartReversals/status/1828183457283100811

SPX Outlook: Bullish Signs Despite Pullback Risks

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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However, this year, with a gain of over 20% and recent strong performance, the S&P 500 has already hit its 40th new closing high of the year this week!\n--------------------\nHas your account also broken the September curse?","image":"https://community-static.tradeup.com/news/74c3ce7ea10c3aeceec7b5d14f906149"}],"images":[{"img":"https://community-static.tradeup.com/news/54f732151360342bf7f55d8cef839560","width":"679","height":"435"}],"coverImages":[{"img":"https://community-static.tradeup.com/news/54f732151360342bf7f55d8cef839560","width":"679","height":"435"}],"title":"SPX Outlook: Bullish Signs Despite Pullback Risks","html":"<html><head></head><body> <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> - $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 $5636 for a safer entry.Drop a 💚 for <a data-mention-id=\"NDX\" class=\"teditor-mention\" data-mention-name=\"NASDAQ 100\" href=\"https://ttm.financial/S/NDX\">$NASDAQ 100(NDX)$</a> and <a data-mention-id=\".DJI\" class=\"teditor-mention\" data-mention-name=\"DJIA\" href=\"https://ttm.financial/S/.DJI\">$DJIA(.DJI)$</a> charts. <a data-mention-id=\"SPY\" class=\"teditor-mention\" data-mention-name=\"SPDR S&amp;P 500 ETF Trust\" href=\"https://ttm.financial/S/SPY\">$SPDR S&amp;P 500 ETF Trust(SPY)$</a> <a data-mention-id=\"QQQ\" class=\"teditor-mention\" data-mention-name=\"Invesco QQQ\" href=\"https://ttm.financial/S/QQQ\">$Invesco QQQ(QQQ)$</a> <img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/54f732151360342bf7f55d8cef839560\" tg-width=\"679\" tg-height=\"435\">Imagehttps://x.com/SmartReversals/status/1828183457283100811</body></html>","htmlText":"<html><head></head><body> <a data-mention-id=\".SPX\" class=\"teditor-mention\" data-mention-name=\"S&amp;P 500\" href=\"https://ttm.financial/S/.SPX\">$S&amp;P 500(.SPX)$</a> - $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 $5636 for a safer entry.Drop a 💚 for <a data-mention-id=\"NDX\" class=\"teditor-mention\" data-mention-name=\"NASDAQ 100\" href=\"https://ttm.financial/S/NDX\">$NASDAQ 100(NDX)$</a> and <a data-mention-id=\".DJI\" class=\"teditor-mention\" data-mention-name=\"DJIA\" href=\"https://ttm.financial/S/.DJI\">$DJIA(.DJI)$</a> charts. <a data-mention-id=\"SPY\" class=\"teditor-mention\" data-mention-name=\"SPDR S&amp;P 500 ETF Trust\" href=\"https://ttm.financial/S/SPY\">$SPDR S&amp;P 500 ETF Trust(SPY)$</a> <a data-mention-id=\"QQQ\" class=\"teditor-mention\" data-mention-name=\"Invesco QQQ\" href=\"https://ttm.financial/S/QQQ\">$Invesco QQQ(QQQ)$</a> <img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/54f732151360342bf7f55d8cef839560\" tg-width=\"679\" tg-height=\"435\">Imagehttps://x.com/SmartReversals/status/1828183457283100811</body></html>","text":"$S&P 500(.SPX)$ - $5636 remains as resistance level, rejecting the price for the third consecutive day. 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