FxSaint

WEEKLY ANALYSIS (26-30 / OCT 2015) - S&P 500

FX:SPX500   S&P 500 index of US listed shares
In my opinion bears are trapped in momentum breakout. But the big boys are looking to take it higher. This bear trap is valid till the low @ 1833 is taken out completely. Expected price movements are blue (80% probable) & red (60% probable).
FxSaint muslim_islam14
Hi... thanks for the chart. Looks interesting.
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elp FxSaint
Is it based on personal sentiment or data that supports this?
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No no, its not my personal sentiment. Its price action method, I have noticed this kind of price action before too. Where it breaks with lot of MOMO to either side & then carry's on with opposite side of MOMO break. Usually it happens in trending market. Trend then starts ranging & breaks to opposite side of trend & traps the counter trend traders & then continues trend.
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spx
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