SPX Buy analysis
- Confidence
- 75
- Entry
- 4,195
- Target
- 4,236
- Stop
- 4,175
- Published
- 2026-06-11
Summary
A bullish reversal trade is set up at a major demand/support zone, targeting a retracement back to the Previous Day Low (PDL).
Trend
The intraday trend is strongly bearish, with consecutive lower lows recorded across the Asia, London, and New York sessions. However, price has declined into a key daily support/demand zone where buyers are expected to step in.
Patterns
The price has swept the intraday session lows and entered a major daily demand zone (highlighted in grey). This setup anticipates a classic 'liquidity sweep and reversal' pattern.
Indicators
The intraday session ranges and the Previous Day Low (PDL at 4236.65) act as key magnets. The long-position tool plotted on the chart suggests a highly favorable risk-to-reward ratio from the current demand floor.
Strategy
Enter long at the key demand zone near 4195, placing a stop loss just below the zone at 4175, and targeting the Previous Day Low (PDL) at 4236.
For reference only, not investment advice. Trading decisions are your own.