FxWirePro
Long

S&P500 faces strong resistance at 1900, break above targets 1956

FX:SPX500   S&P 500 index of US listed shares
345 1 2
Major resistance -1900 (55 day 4H EMA and cloud top)

S&P500             has made a high of 1898 and slightly retreated from that level. It is currently trading at 1893.

Any break above 1900 will take the pair till 1927/1945/1956.

On the downside minor support is around 1870 and break below will drag the index down till 1835/1810/1785.

Overall bearish invalidation only above 2000 (55 day E MA).

It is good to buy only above 1900 with SL around 1870 for the TP of 1927/1956.

Keep it simple....

http://www.wallstreetwindow.com/images/stages.png
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
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 Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out