Based on my analysis, the #SPX has printed a reversal engulfing candle, which could lead to a period of consolidation. The most probable target appears to be the liquidity pool around the 6200 level.
However, this outlook becomes invalid if the daily candle closes above 6410—the current (today) session high.
As always, conduct your due diligence. Technical analysis offers a probabilistic perspective, not certainty.
However, this outlook becomes invalid if the daily candle closes above 6410—the current (today) session high.
As always, conduct your due diligence. Technical analysis offers a probabilistic perspective, not certainty.
Sadreddini
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Sadreddini
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.