S&P 500 Index Daily. Possible Scenario

FX:SPX500   S&P 500 Index
267 0 5

A relative self-similar potential, with around 6% correction, indicated by the rectangular
areas, January of 2014 recurrence, could give a low of around 1885-1900 strong support level ,
hitting the important 2013 uptrend_line(24/6/13), just above the 200 sma .
Currently, the price found support on the 100 sma , as previously, where it may consolidate(resistance 1950 area),
before a possible capitulation ( 61.8% retracement ?), with a possible turning point, around the second week of August.

Breaking the uptrend_line and 200 sma , could expose the 1800 - 1850 level. Market breadth , new 52-weak highs, sectors are weak, MACD and VIX             divergence were already in place.(link)
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
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