[#SPX]
With both EMAs position which is in a Golden Cross, there is potential for #SPX today to strengthen toward its nearest resistance level.
Key Levels
1. Resistance. 2 : 7023.04
2. Resistance. 1 : 6992.86
3. Pivot : 6936.62
4. Support. 1 : 6906.44
5. Support. 2 : 6850.20
Tactical Scenario
Positive Reaction Zone: If the price breaks out above 6992.86, there is a likelihood of a rise toward 7023.04.
Momentum Extension Bias: If 7023.04 is broken, there is potential to test 7079.28.
Invalidation Level / Bias Revision
The upside bias weakens if the price breaks down and closes below 6
Technical Summary
EMA(50) : 6918.05
EMA(200): 6885.67
RSI(14) : 49.53
Economic News Release Agenda:
Tonight the United States will release the following economic data:
US - Unemployment Claims - 20:30 WIB
US - Natural Gas Storage - 22:30 WIB
