SPx
New forecast
The index price presented many positive closings and is now trying to hold above the resistance level at 4573, increasing the chances of an upward trend once the stabilized above the resistance .
Therefore the upward scenario will be more likely during coming period ,and moving average 50 continue support the price to rise up , so stabilized above 4573 will help the price to reach 4607 level and 4636 level , taking into account that failure to stabilized above the resistance will force the price to start a negative correction before any new upward .
The expect range trading for today it will be between the resistance line 4607 and support line 4563 .
Additionally Today ,New York sessions will affect on the Indices .
support line : 4563 , 4535
resistance line : 4573 , 4607
Attention : we don't have any group in telegram be careful about scammers.
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
New forecast
The index price presented many positive closings and is now trying to hold above the resistance level at 4573, increasing the chances of an upward trend once the stabilized above the resistance .
Therefore the upward scenario will be more likely during coming period ,and moving average 50 continue support the price to rise up , so stabilized above 4573 will help the price to reach 4607 level and 4636 level , taking into account that failure to stabilized above the resistance will force the price to start a negative correction before any new upward .
The expect range trading for today it will be between the resistance line 4607 and support line 4563 .
Additionally Today ,New York sessions will affect on the Indices .
support line : 4563 , 4535
resistance line : 4573 , 4607
Attention : we don't have any group in telegram be careful about scammers.
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
