$SPX - Two Bullish Crossovers Already
$S&P 500(.SPX)$ - Two Bullish Crossovers Already
The resistance was the 5DMA on Monday; the 50DMA on Tuesday; and the 20DMA on Wednesday.
The Stochastic crossover was proven true, as the one between 20 and 50DMA.
For this week, I made public a key level that is updated every week: $5478. That level was consolidated today, and it has flipped from Resistance to Support.
Daily price action moves between levels, there is no exception (The first weekly resistance level where it closed today was a number drawn since Friday for Subs).
And what about the bottom today? See the lower Bollinger Band.
Bullish chart
Image
https://x.com/SmartReversals/status/1833964740965503212
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