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 is set at the 7568.34 mark.
The Morning Doji Star pattern has formed here. This pattern consists of a combination of three Japanese candlesticks. The appearance of this pattern on the chart significantly increases the probability of a price reversal.
The nearest resistance is set at the 7624.41 mark.
This level was formed by the Bearish Harami pattern, which is presented with two Japanese candlesticks where the second candlestick with a smaller real body is inside the body of the first one.
Trading recommendations:
The latest signal prioritizes short positions intraday.
