During the previous trading session, the positive dynamics of the S&P 500 movement were seen. On a longer time-frame, the upward price movement vector also prevails.
The support and resistance levels:
The nearest support level is at the price level of the 6854.29.
This level was formed by the Bullish Harami pattern. The pattern is represented with two Japanese candles, where the second one with a smaller real body is inside the body of the first one.
The nearest significant resistance level is at the 6924.94 mark.
This level was formed by a Pin Bar pattern. This pattern is presented with a single Japanese candle with a small real body and a long upper shadow. This is one of the key patterns in the Price Action system.
Trading recommendations:
The latest signal prioritizes short positions intraday.
