S& P Future Sep-2022 Futures Contract Moving Up
My Analysis: S&P 500 Future is likely to move upward till it touches target @4540. Following factors support the Analysis
1. Fibonacci Retracement at 50%.
2. Although there is a demand zone @3226, price does not move to demand zone with single fall i.e from @4816. So less chance of moving downward again.
3. Bollinger Lower band acts as a support.
1. Fibonacci Retracement at 50%.
2. Although there is a demand zone @3226, price does not move to demand zone with single fall i.e from @4816. So less chance of moving downward again.
3. Bollinger Lower band acts as a support.
Comment:
Exactly moved as per my Analysis