Hey there!
In the 4-hour time frame, the S&P index, as observed, has shown positive reactions after a decline, starting from the range of 4100, and is currently trading around 4157. The expectation we can have in the 4-hour time frame is that, following this consolidation, we may witness growth towards the ranges of 4180 / 4220 / 4240. To better understand the continuation of this price movement, it's crucial to see how it reacts to the resistance ranges. There's a possibility of a rejection from these levels.
Additionally, if it manages to penetrate above the supply zone and establish itself, the target range of 4300 can be considered. Maintaining the support range of 4100 is very important for the desired scenario
🔵Remember, always conduct your own analysis and consider other factors before making any trading decisions. Good luck!"✌️
❎ (DYOR)...⚠️⚜️
Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!
if you found my analysis helpful, I would appreciate it if you could show your support by liking and commenting. Thank you!🙌
In the 4-hour time frame, the S&P index, as observed, has shown positive reactions after a decline, starting from the range of 4100, and is currently trading around 4157. The expectation we can have in the 4-hour time frame is that, following this consolidation, we may witness growth towards the ranges of 4180 / 4220 / 4240. To better understand the continuation of this price movement, it's crucial to see how it reacts to the resistance ranges. There's a possibility of a rejection from these levels.
Additionally, if it manages to penetrate above the supply zone and establish itself, the target range of 4300 can be considered. Maintaining the support range of 4100 is very important for the desired scenario
🔵Remember, always conduct your own analysis and consider other factors before making any trading decisions. Good luck!"✌️
❎ (DYOR)...⚠️⚜️
Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!
if you found my analysis helpful, I would appreciate it if you could show your support by liking and commenting. Thank you!🙌
Comment:
As expected, the S&P index has managed to reach the desired target of 4240 so far.
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Due to important economic reports, there is a possibility of significant fluctuations. Please manage your trades. ⚠️