SPX500 Analysis 19.08.2015 (US session)

FX:SPX500   S&P 500 Index
39 0 0

price remains in its range with support beeing 2043 and resistance at 2134
its building a cause for the next move , depending on the change of supply and demand

Price currently resides at the "mean" of the range at 2090 one could say we trade at "fair" value
and these locations usually mean chop , also they give further insight on the future course
ie. on a rejection to the downside we will visit support again and vice versa

Price Action
Price is in a decline from the resistance level and currently formed a minor range between
resistance 2095 and support 2080 , whereas we broke to the upside , price declined back
into its range and sits at the mean of 2088


intraday wise one could take a chance and play a long setup at the current mean of 2088
howver as we had some overbought conditions at hands , one should be quick at taking profits or scratching the trade,
on the short side wait till price breaks the support level of 2080



EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out