I’m interested to see how SPX plays out over the coming weeks. The downtrend is still intact but if broken could reignite the macro uptrend trajectory.
The 2630 zone previously acted as an area of support, but PA subsequently broke below the zone on its third retest. 2630 may act as an area of resistance in which a hard rejection will confirm the downtrend.
The 2630 zone previously acted as an area of support, but PA subsequently broke below the zone on its third retest. 2630 may act as an area of resistance in which a hard rejection will confirm the downtrend.