SPx 4H : looking for positive determination
SPx
OUTLOOK
Technical Abstract :
The index price repeated its oscillation sideways within the axes of the ascending channel. We notice from the attached drawing that it stabilized above 4440 without achieving any new positive target. It, in turn, is trying to strengthen the stability of the support of the ascending channel extending towards 4420.00.
We currently point out that the price’s steadfastness above the additional support represented by the level of 4458 may contribute to enhancing the chances of forming new positive waves, thus attempting to record some gains by rushing towards 4483 and 4534, respectively. the positive try will be end when the price can stabilized under 4440.
The expect range trading for today it will be between resistance line 4483 and support line 4458 until stabilized .
Additionally , today news will affect the market.
support line : 4458 , 4440
resistance line : 4483 , 4534
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
OUTLOOK
Technical Abstract :
The index price repeated its oscillation sideways within the axes of the ascending channel. We notice from the attached drawing that it stabilized above 4440 without achieving any new positive target. It, in turn, is trying to strengthen the stability of the support of the ascending channel extending towards 4420.00.
We currently point out that the price’s steadfastness above the additional support represented by the level of 4458 may contribute to enhancing the chances of forming new positive waves, thus attempting to record some gains by rushing towards 4483 and 4534, respectively. the positive try will be end when the price can stabilized under 4440.
The expect range trading for today it will be between resistance line 4483 and support line 4458 until stabilized .
Additionally , today news will affect the market.
support line : 4458 , 4440
resistance line : 4483 , 4534
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
