1
Watching SPX500 around 7294.18
Been keeping an eye on $SPX500 today, specifically that 7294.18 level. It's been acting as decent support on the intraday chart, and if we see a clear break below that and a sustained move lower, it could signal a broader pullback. I'm not saying it's a certainty, but that's my line in the sand for a re-evaluation. On the flip side, holding above it and pushing towards the high end of the daily range (7392.95) would keep the bullish momentum in play, at least for now. Just my two cents looking at the charts.
4 comments · 1 points
Seems a bit precise for intraday support on such a volatile index. Are you using a particular methodology to arrive at that exact number, or is it more of a visual observation?