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ROWLANDSDUKI
Jul 7, 2020 11:34 PM

SPX500 8 July Update  Long

S&P 500 index of US listed sharesFXCM

Description

Good Morning Traders

Trust that everyone is in gains and profits are locked away or banked.

we have noticed something strange and which seems like a coincidence

7/7/2020
On the SPY chart at 15:30 New york open ( SA time ) we noticed a low was put in at price of 314.92
then on the spx500 chart at 21:45 (SA time ) we noticed that spx500 made a low of 3142.94

these price actions where 6 hours and 15 mins apart.

we take it as NYSE set the low first then spx500 went on to close around the same price area

8/7/2020
if this pattern holds true

then we estimate a low around 3133.70 on about 4:00 - 5:15am 8/7/2020

its just another piece of the puzzle as we unravel the secrets of the sp500 index

we also see a retest of 3190 and a possible high target around 3206-3206.80 area

we take note that key support at 3125 and 3140 / 3144 area

over ahead resistance at 3170/3180

Trade closed: target reached

3206 achieved wow

Trade active

Trade closed: target reached

Projected july high and key numbers on support
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