SPX looks to reject price on the upper side and are seeing a strong resistance on top. The TDI shows a nice diversion and it seems that we are about to see some correction.
S&P 500
Up Trend is being witnessed.
Post Breakout above 3954.
The implication of breakout above 3954
is 4101 and 4289.
The level of 4101 is crossed and the same was shown in our earlier update on S&P 500.
A rising channel is now visisble.
Near term correction or sideways volatility may emerg
if close below 4123.
Expect a gradual move towards 4292 with...
S&P 500
Higher top and Higher Bottom formation
continues
Expect rise to 1.618 level of 4135 in near term with volatility.
The January 2020 breakout impact is for 4125.
The recent top Feb'21 and March 21 breakout impact
4135.
Market could witnessed a rise towards the same.
Indicator like RSI has yet to rush into overbought and its overbought momentum as...
SPXUSD
perhaps will create a new high then fall back immediately and deeply .
face to the historical pressure . I think there are high probabilities to fall back.
seems that bearish has been broken by 1H, but the pressure of 4H's and 1D's are still there , I want to wait the price fall to 1H's 0.618 ,then try to buy .
any advice ?
Textbook example of a WXY move. Subdivision perfectly hits most likely Fibonacci extension levels which implies the most propable count. Expect a correction at the .618 extension. In which form we will see. Target before larger correction is $4621 USD.
#S&P500 Index :-
Weekly ( 22-26 Feb 2021 ) Important Sup & Res Levels.
we have shared this week's #S&P500 Index important levels where it can take a support and face resistance.
s&p500 shows good support over 3895 for long time.
its sign of strong rejecting down side movement.
My oppinion | Its a buy near 3930 or long side trades.
Thanks
We think S&P500 Index selling level 3930-3960 level to start. And When selling start then this price down come 3860-3800 nearly.
Stop Closing level 4000
This a signal hope our signal help your trading.
