Here is an easy ta from SPX 500 for next week.
Like my last report about SPX I want to show you support zones, resistances and price targets. Ill try to keep it short and simple.
Last weeks market was driven by tech earnings , Fed decision and reopening economy in US staates. That pushed SPX up to 29 resistance.
Now you can see profit taking and as well short-term consolidation.
Next weeks everything could happen because there is no real decision about a generell trend. Every bad news like trade war with china could let the SPX drop down to support zones around 28 and the most important zone at 2730.
Im short for next week.
Good luck for your trading.
Any comments are welcome. :)
Like my last report about SPX I want to show you support zones, resistances and price targets. Ill try to keep it short and simple.
Last weeks market was driven by tech earnings , Fed decision and reopening economy in US staates. That pushed SPX up to 29 resistance.
Now you can see profit taking and as well short-term consolidation.
Next weeks everything could happen because there is no real decision about a generell trend. Every bad news like trade war with china could let the SPX drop down to support zones around 28 and the most important zone at 2730.
Im short for next week.
Good luck for your trading.
Any comments are welcome. :)
Comment:
We reached area of 2940, 2990 is next resistance.