Quick Analysis of SPX6900 (SPX) 📊
SPX continues to trade in a positive consolidation above the buy zone between 0.2550 and 0.2770, which is a key area that could dictate the next direction.
If the price retraces to this zone and manages to hold it as support, it could signal the continuation of upward momentum, targeting a retest of the previous high above $0.4000.
Current important levels:
0.2550– 0.2770 = Major buy and support zone
Above $0.4000 = Upward target and retest of the peak
Holding the price above this zone reinforces the positive outlook, while any clear break below it could temporarily delay the bullish scenario.
In your opinion, is SPX gearing up for a new breakout towards the peak?
$SPX
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