Golden-Dragon

SPX #Update 02 - A Mexican Standoff.

SPCFD:SPX   S&P 500 Index
Hi, today we are going to talk about the S&P 500 and its current landscape.

At the index, we observe a strong confluence of Gann . Such accumulation follows the narrowing of the supports and resistances of Gann . As possible trade targets, we have the Fibonacci retracement .

Thank you for reading and leave your comments if you like.
Trade closed: target reached
✅Join the Traders Heaven: https://golden-dragon.mn.co/
----------------------------------------------------------------
Access our signal room: http://www.t.me/GoldenDragonGD
thank you for your work
Reply


Review by Artem Yaskiv @smart4trader September 5, 2019

#SPX500

On Wednesday, after the opening of the US stock market, stock prices rose on the NASDAQ exchange, which served as a driver for the growth of prices for the SPX500, as well as for the DowJones 30 and NASDAQ 100. Since the beginning of the trading session, the SPX500 index initially fell slightly, but still strong overall purchases on the NASDAQ nevertheless affected the price and the closing of the market on Wednesday was on the positive side.

http://skrinshoter.ru/i/050919/gHPi4EmM.png

At the beginning of Thursday, the price was fixed for the zone of the upper weekly volatility of 2948 and the goal is the upper zone of the monthly volatility of 2996. However, I am haunted by the thought of negative PMI (ISM) reports and I still think that by the end of the month the price for the SPX500 index will still be in the red zone. On the other hand, lowering the interest rate on September 18 may serve to create support for the entire stock market and raise the price of all US stock indices. The current arithmetic interest rate of 1.82%, which indicates a greater likelihood of easing the Fed's policy and cheaper loans make the business more profitable and, accordingly, large capitals will invest more in the stock market.

http://skrinshoter.ru/i/050919/9HVzPheO.png

The cumulative delta of stock index futures is mainly growing, with the exception of the DowJones index, which in the last hours even closes purchases or opens sales, which is why the delta decline is associated.

http://skrinshoter.ru/i/050919/tYb9XRNS.png

The recommendation for today will still be an aggressive buy on the correction from the area of ??the upper weekly volatility of 2948 with a target of 2996.
For more restrained transactions, I recommend waiting for the stock market to open, in addition today there are a lot of financial indicators and watching the aggregate movement of shares on the NASDAQ exchange, in order to receive a better signal for entry.

-------------------------------------------------- ------------------
Artem Yaskiv @smart4trader
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Get Help Ideas Published Followers Following Private Messages Chat Sign Out