$SPX - $5885 was the target presented to subs several weeks ago
$.SPX(.SPX)$ - $5885 was the target presented to subs several weeks ago, and it can be considered reached since the top last week was shy by $7 points🎯.
Price action closed today with a second daily candle showing indecision, chop ahead is possible. The market can continue moving up, but for someone who is not using clear support levels, it is safer to consider bullish continuation if $5885 is consolidated.
The circles in the chart: The red one highlights a bearish engulfing candle followed by indecision ones, the oscillator was overbought. The green one shows an engulfing candle followed by indecision, those days the oscillator was oversold.
The setup favors southbound resolution, but key levels have to be broken tomorrow by the close.
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