SPX500 NEEDS TO MAINTAIN ABOVE 3920 BY 1 JULY 2022

https://www.quantstrategic.com.sg/post/spx-500-begins-pullback-to-3620-initially-video-attached

Following my last post, the index hit 3638 (iso 3620) on 160622. The important level to watch is the Monthly pivot at 3920 which will confirm the monthly candle close by Friday, 01 July 2022. This level maintains the uptrend of the SPX 500 for the month of June.

A bounce long signal on the 4hr at 3793 targets the day pivot of 4014. A break of 4014 will relieve short term pressure and target the pivot of 4458.

Long term UPTREND since 011220

Medium term DOWNTREND since 140222

Short term DOWNTREND since 220422

PIVOT 4014

Short positions below 4014 for 3793 and 3620

Long positions above 4014 for 4458 and new ATH