S&P WILL DROP 2730 AND 2644 LEVELS SOONER... 2- ENTRY LEVELS: 2817 AND 2860 STOPLOSS: 2913 ON 1D CLOSING BASIS...
us500 us indez short this is best level to short
Keep the eyes open for next week. US500 Weekly chart closed with an hanging man pattern at the end of a wedge pattern indicating a strong weakness of the price. When looking at the H4 chart we see an Head and Shoulder pattern set up with the top of the right should formed with a potential double top. Next steps: - Wait for double top confirmation on...
In my previous SPX analysis, I was hoping to see it comes all the way back to 2641, but the 21 ema is doing a good job as a support here. If S&P goes up and close above the blue line region, then it will probably stop only at 3136, a sign of real strength here. I was working with a scenario where the decisive point would be the orange line, but the 21 ema already...
S&P 500 Alternative as wave 4 zig zag.Wave 5 target 3730 & 4260.
Well, it happened, again! "They" dropped the SPX down to 2761 = Support. Then, "They" bounced it Up. Are not we Wise to this, by now?
The indices at resistance zone right now. let see what will happen next.
Price touched 50% retracement level of the recent crash as well as the upper band of the ascending channel which is a bearish pattern. There is high probability that the price is going to reverse and resume its down trend after breaking the channel support. N.B, Please note that this is a market study based on my knowledge and experience and not a trade...
As we know s & p is going high.can neft will be effected..let's see.