The S&P pulled back to each old high on this chart. Except the last one. 2022 top 4,818. April 2025 low 4,835. Feb 2025 top 6,147. March 2026 low 6,317. Jan 2026 top 7,002. Not revisited since the April breakout. Thursday: $SPX -4.36%, the worst day since April 2025. It's now sitting just above the trendline from that April 2025 low. Hold the trendline, and 7,000 can wait. Lose the June low at 7,238, and 7,000 is the next zone. Bounce here or 7,000 first?
TrendDeltaShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.