S&P 500 Technical Analysis: Elon vs. Trump Feud Won't Shake Bulls Just Yet
Technical analysts have observed the S&P 500 futures respecting an extended downward channel, adjusted to align precisely with recent price wicks. Channels can vary depending on algorithms and analyst approaches—some take openings, others prefer extreme wicks—but the current channel remains a key battleground for market participants.
This stability does not assure a guaranteed outcome, but it highlights a critical junction offering a favorable risk-reward scenario. The prevailing technical structure could potentially lead the S&P 500 toward new all-time highs if this channel remains intact.
For now, the bullish premise remains robust, undeterred by external noise, but traders should remain vigilant for potential changes if key support levels are breached.
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This article was written by Itai Levitan at www.forexlive.com. Read More Details
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