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The S&P 500 Starts To Bounce? Support & Resistance MappedThe S&P 500 (SPX) is now starting to bounce. The sellers are exhausted according to the indicators and we are seeing a strong jump taking place today. We have more details on the chart above. We believe that prices can bounce before producing one final strong drop, but it all depends on how these support and resistance levels are handled, we remain open to all scenarios. If prices move up and stay above the "resistance zone", the bulls take control, but if they move lower, the "support zone" can be tested. If prices for the SPX manages to go below the "support zone", then we can expect more red and lower targets as shown in my previous long-term weekly analysis. If support holds, we can expect prices to move back up. You can find my previous weekly analysis here: www.tradingview.com Thanks a lot for reading... Remember to hit LIKE to show your support. Namaste.
SP:SPX
by AlanSantana
7
S&P 500 then and now, What next?After this huge slippage of prices today, the bullish invalidation is at $2874sh level and bullish knock back to the market will be in between the range of 3017-3050 zone. What is expected next is break of bullish invalidation and lower side targets. A probable pull back or retest of bullish knock is possible before a fall again. BHOOMI predicted this fall way before, on 20th Feb itself. Read my earlier blog on different topics at niftyanalysis.in/blog
OANDA:SPX500USD
by AbsoluteAnalysis
This message is for who want to buy NIFTY.--> Just like the waves in the direction of the Sea and the less dififfult and less difficut o walk in that direction , here is what i want to tell you. As per the long view of the nifty research, I suggest to find what is the best level and minimum risk for short selling is intelligent decision AS TRADER. Above chart is perfect example of the result. Long term view: (I don't recommended to buy index as per long eye) I suggest you to find where to short and move in direction of the wave. IF YOU REALLY WANT MY DEEPEST RESEARCH THEN, JUST COMMENT ME... I CAN FIND EXACT LEVEL TO SHORT NIFTY. currently, I am thinking for target 11800-11825 shortly.
NSE:NIFTY
by Trade-Technique
86