Resistance Pushback Slows Momentum AgainThis placement shows buyers still maintaining control of the broader trend, even as short-term momentum fades and price oscillates beneath resistance.
New To TradersPro? Market Overview: S&P 500 futures remain in a strong uptrend, pulling back modestly inside the bullish momentum zone while staying well above shallow Fibonacci support. 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 6,896.25, down by 28.75 pts or 0.42 % vs the prior session shown on the chart. Market Behavior: Today’s candle is a red bar showing a sharper intraday pullback compared with recent sessions, as sellers stepped in near the familiar resistance zone. Despite the decline, the move remains contained within a larger sideways structure. Momentum Zones: Price continues to trade above the 23.6 % retracement and inside the bullish momentum zone. This placement shows buyers still maintaining control of the broader trend, even as short-term momentum fades and price oscillates beneath resistance. 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 % retracement keeps the current decline labeled as a controlled pullback inside a strong uptrend. The deeper Fibonacci bands remain untouched support zones, while the primary near-term question is whether price continues to digest beneath resistance or drifts back toward shallow support for another test. Overall Market Interpretation: Today’s decline reflects renewed hesitation beneath resistance rather than structural deterioration, as the broader trend remains fully bullish with wide spacing and intact momentum-zone support. The chart continues to favor strength or sideways consolidation unless shallow support gives way, with sellers so far only able to slow—not reverse—the uptrend. New To TradersPro? Daily Trade Idea
|
Jumat, 12 Desember 2025
Resistance Pushback Slows Momentum Again
Langganan:
Posting Komentar (Atom)
Tidak ada komentar:
Posting Komentar