SroshMayi

SPx 4h (continued...)

Long
OANDA:SPX500USD   S&P 500 Index
SPx forecast

The direction can succeed in continuing the uptrend depending on the parallel channel touching the trend two times and bouncing, as we said yesterday from 4478 to 4505

So now will touch 4505 and then will continue the uptrend to reach 4526 and above it 4580 gradually

But, otherwise, stabilizing under 4505 will support falling till 4478


Today Indices will be volatile due to the News, so you should take care

Pivot Price 4505
Resistance prices: 4527 & 4580 & 4615
Support prices: 4478 & 4442 & 4391

The moving range is between 4505 and 4580

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