Whisper: SPX Aug 24

Date 8/18/24

Price: 5,554.26

Analysis

Trend Analysis:

• Trend trending up since 6 Aug 24 uptrend slowing up.

• Crowd more on the bears side.

Structure:

• 5 min chart has potential to retest high area @5,556.75.

• expect 15 Min chart to fake the retest inclined continue decline

• structure allows to sell higher highs

  
  

Support & Resistance Levels:

• Support:

  $5,532.9, $5,521.95, $5,509.39, $5,484.60, $5,449.35, $5,409.17, $5,372.42, $5,317.36

  
  

• Resistance:

  $5,589.73, $5,629.61, $5,668.64, $5,698.16, 5,789.55

Crossovers & Moving Averages:

`bullish = greater than or equal to 0.24% deviation, and 0.64% for momentum

Risk Management:

News & Events:

• positive outlook as S&P500 closed bulllish

• Nasdaq, S&P500, & Dow Jones all rose (bullish)

Scenario Analysis:

Objective & Targets:

YOLO:

Entry Point:

Exit Point: