Strong Uptrend Pushes Deep Into ResistanceBuyers continue to defend shallow demand as price pressures overhead resistance, marking persistent trend alignment despite prior hesitation in this area.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 test overhead resistance. 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 6,874.75, up by 50.50 pts or 0.74 % vs the prior session shown on the chart. Market Behavior: Today’s candle is a strong green bar, reflecting a decisive upward move with buyers pushing price toward the upper boundary of the recent range after yesterday’s rebound. Momentum Zones: Price is trading well above the 23.6 % retracement and inside the bullish momentum zone. Buyers continue to defend shallow demand as price pressures overhead resistance, marking persistent trend alignment despite prior hesitation in this area. Fib Retracement Levels Current Position Relative to Levels: The market is currently above the 23.6 % Fib retracement on this chart. Analysis: In a strong uptrend with a wide stack, staying above the 23.6 % retracement keeps recent weakness classified as a shallow pullback. Deeper Fibonacci layers remain untested demand zones, and today’s strength refocuses attention on whether price can resolve the multi-week resistance area overhead. Overall Market Interpretation: Today’s advance strengthens the bullish outlook, with price pressing firmly into resistance while the trend stack remains fully green and wide. Momentum continues to favor buyers, and as long as shallow support holds, the structure points toward continuation or controlled consolidation rather than a meaningful reversal. New To TradersPro? |
Selasa, 16 Desember 2025
Strong Uptrend Pushes Deep Into Resistance
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