#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