The $SPX has bounced from rising support for the third time, with buyers pushing the price higher again. The chart is showing an ascending triangle pattern, with price approaching a strong resistance zone. A breakout could be possible, but confirmation is key
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Leo524
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$SPX JUST HIT A NEW ATH — IS 8,000 NEXT?
Wall Street is making headlines again. S&P 500 and Nasdaq both pushed into record highs, showing just how strong the current risk-on mood has become.
But the interesting part is what comes next.
S&P 500 is now testing a major resistance zone around 7,800–7,835. On my chart, buyers are still building higher lows while price keeps pushing this resistance.
A clean breakout AND hold above this zone could open the door toward the psychological 8,000 level.
#SP500AndNasdaqHitRecordHighs #Nasdaq #StockMarket #Leo524
Wall Street is making headlines again. S&P 500 and Nasdaq both pushed into record highs, showing just how strong the current risk-on mood has become.
But the interesting part is what comes next.
S&P 500 is now testing a major resistance zone around 7,800–7,835. On my chart, buyers are still building higher lows while price keeps pushing this resistance.
A clean breakout AND hold above this zone could open the door toward the psychological 8,000 level.
#SP500AndNasdaqHitRecordHighs #Nasdaq #StockMarket #Leo524
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