SroshMayi

Wall St to open lower on economic data; Fed decision pending.

Long
OANDA:SPX500USD   S&P 500 Index
Wall St to open lower on economic data; Fed decision pending.

As long as the price remains above 5080, it indicates a bullish trend aiming for 5115 and 5140. However, a 4-hour candle closing below 5080 will support a bearish trend targeting 5055.

Pivot Line: 5094
Resistance Levels: 5138, 5177, 5204
Support Levels: 5080, 5055, 5019

Today’s expected trading range is between the support at 5055 and the resistance at 5138.

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