Resistance Band Remains the Key HurdleToday’s further strength reinforces the strong uptrend, with price pressing into resistance while all trend lines remain fully bullish.New To TradersPro? Market Overview: S&P 500 futures remain in a strong uptrend, pushing higher inside the bullish momentum zone while holding well above shallow Fibonacci support and continuing to press into the multi-week resistance zone. Bullish/Bearish Trend Analysis Trend Condition: Bullish Trends: 14 Bearish Trends: 0 Trend Condition: Strong Uptrend Trend Structure: wide Probability Outlook: Price Action and Momentum Zones Current Price and Change: Currently, the S&P 500 Futures are at 6,879.75, up by 31.75 pts or 0.46 % vs the prior session shown on the chart. Market Behavior: Today’s candle is a solid green bar as buyers continue lifting price from yesterday’s rebound, pushing back toward the upper edge of the recent range with controlled upward momentum. Momentum Zones: Price is firmly above the 23.6 % retracement and inside the bullish momentum zone, reflecting healthy alignment with the broader uptrend. Buyers continue defending shallow support as price grinds toward resistance, maintaining trend consistency. Fib Retracement Levels Current Position Relative to Levels: The market is currently above the 23.6 % Fib retracement on this chart. Analysis: Remaining above the shallow 23.6 % level keeps recent weakness categorized as a normal trend pullback. Deeper Fibonacci zones remain untested demand, while the near-term focus is whether continued upward pressure can resolve the resistance band that has capped price for several weeks. Overall Market Interpretation: Today’s further strength reinforces the strong uptrend, with price pressing into resistance while all trend lines remain fully bullish. Although the advance is maturing, the chart continues to favor controlled grinding strength or sideways consolidation unless shallow support fails. Sellers have only slowed progress, not shifted the trend. New To TradersPro? |
Rabu, 17 Desember 2025
Resistance Band Remains the Key Hurdle
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