rv

S&P 500 Index Daily. Possible Scenario

rv  
FX:SPX500   S&P 500 index of US listed shares
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)
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
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