After a sharp climb of nearly 8% over the past 24 hours, the SPX6900 price today is holding near $1.1850. This marks a continuation of the uptrend that started in early May, taking SPX from below $0.60 to fresh multi-month highs. Price has now reclaimed key resistance zones and is approaching $1.20, a level that could determine whether further upside unfolds or a pullback emerges near the Fib 0.382 zone.
What’s Happening With SPX6900’s Price?
SPX has delivered consistent higher highs and higher lows on both daily and 4-hour charts. The breakout above $1.15 came on rising volume, with buyers flipping previous resistance into support. A bullish structure is visible on the daily chart, where SPX6900 price action now hovers above the 50% Fibonacci retracement at $1.1084, while targeting the next retracement zone at $1.2658 (Fib 0.382).
On the weekly chart, the 50% and 61.8% retracement levels at $1.108 and $0.951 respectively have formed a reliable consolidation base since late April. With a fresh weekly close above both levels, bulls have reclaimed dominance. This aligns…
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