$SPX: $6083 proved to be a key level

SmartReversals
01-24 08:59

$.SPX(.SPX)$ : As anticipated on Tuesday, $6083 proved to be a key level, price action formed an indecision candle right there.

The upper Bollinger Band was breached so consolidation is expected. Previous occurrences are highlighted in red. With the stochastic overbought, risk management is crucial for long positions.

$SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2503(ESmain)$ $Invesco QQQ(QQQ)$ $NASDAQ 100(NDX)$ $E-mini Nasdaq 100 - main 2503(NQmain)$ $iShares Russell 2000 ETF(IWM)$

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