Arazmajeed

SPx 4H (near to support zone )

Short
OANDA:SPX500USD   S&P 500 Index
SPx

Outlook

US indices open today's trading on a decline.. The SPx 500 index opens down by 0.6% and the price reach at the support zone 4457 - 4478

Currently, Generally the direction is downtrend but right now to confirm the bearish trend should stable under 4457 and then the SPx will lose more points and reach 4431 and 4411

under 4478 will help the price to touch 4457

As for renewing the bullish trend, this requires the price to consolidation above 4478 and then will help the price to rise up to reach 4500 and 4524


support line : 4478 , 4457 , 4411
resistance line : 4500 , 4524 , 4554

what is your opinion ??

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