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#SPX
With EMA(50) condition crossing above EMA(200) Golden Cross, the bias for #SPX today remains bullish, with potential to test the nearest resistance level.
Key Levels
1. Resistance. 2 : 6921.26
2. Resistance. 1 : 6848.31
3. Pivot : 6733.66
4. Support. 1 : 6660.71
5. Support. 2 : 6546.06
Tactical Scenario
Positive Reaction Zone: If the price holds at 6733.66, there is a high probability of a move up toward 6848.31.
Momentum Extension Bias: If 6,848.31 is broken out, there is potential to test 6921.26.
Invalidation Level / Bias Revision
The upside bias weakens if #SPX falls and breaks below 6546.06.
Technical Summary
EMA(50) : 6755.32
EMA(200): 6655.25
RSI(14) : 47.84
Economic News Release Agenda:
From the United States, the following economic data will be released:
US - Core PCE Price Index m/m - 19:30 WIB
US - Final GDP q/q - 19:30 WIB
US - Final GDP Price Index q/q - 19:30 WIB
US - Unemployment Claims - 19:30 WIB
US - Personal Income m/m - 19:30 WIB
US - Personal Spending m/m - 19:30 WIB
US - Final Wholesale Inventories m/m - 21:00 WIb
US - Natural Gas Storage - 21:30 WIB
US - 30-y Bond Auction - 00:01 WIB
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