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PlatinumSPX tested support at 6235.95 from above and held that level throughout the session. That test establishes the current inflection point, and by rule, the directional expectation is toward resistance at 6324.25.
However, this near-term setup exists in conflict with broader weakness:
The midterm level at 6305.32 has already broken.
The long-term resistance at 6326.24 failed to hold.
As a result, while the near-term outlook implies a short-term move higher, downside risks remain high if support at 6235.95 fails. In that event, the next target would be the long-term support at 6009.17.
This setup is ideal for tactical opportunity, but requires tight risk control and alertness to structural failure.
The channels have broken - Near Term Summary The near-term structure has clearly defined levels on both sides: Resistance at 6324.25 was tested and failed, creating a ceiling. Support at 6235.95 was tested and held, ... Open Charts
No support levels exist - Midterm Summary SPX failed to break out above resistance at 6415.12 and subsequently confirmed a breakdown below support at 6305.32. The most recent valid interaction is that breakdown, and it define... Open Charts
Longer term converted support has broken too - Summary (Long Term) SPX failed to hold its breakout above long-term resistance at 6326.24, and has now reversed back below the level. This constitutes a Failed Breakout, disqualifying 6326.24 as a br... Open Charts
NASDAQInitial Parameters :21731 - 22788
DOWInitial Parameters :43473 - 43959
S&P 500Initial Parameters :6235 - 6305
RUSSELLInitial Parameters :2158 - 2192
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