From what is seen on the daily chart of the S&P500 index, it appears that the Stochastic Oscillator indicator is already at the Oversold level with a BUY Crossing condition so that in the next few days, #SPX has the potential to strengthen up to the level of 6017.18 and if the strengthening momentum and volatility support it, it is not impossible that the level of 6081.37 will be the next target to be targeted, but please also pay attention to the appearance of Divergence between the price movement of #SPX and the Stochastic Oscillator indicator and its price movement which is below the EMA (21) which has a decreasing slope and the price movement of #SPX on its daily chart which moves harmoniously in the bearish Pitchfork channel, so if on its way to these targets, #SPX suddenly turns down until it breaks through and closes below the level of 5908.16, all the strengthening setups that have been described previously will become invalid and automatically canceled by themselves.

(Disclaimer)