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SroshMayi
Sep 21, 2022 11:42 AM

SPx 4h (waiting for the US Federal ) Short

US SPX 500OANDA

Description

Now we are in the strong weekly zone between (3835 - 3908)

so today the price will move depending on the US Federal interest rate

if the US raises the interest rate the price of SPx will stay in the bearish zone

but if released less than the expectation of 75 basis points, so the price will move for each side till stable at the clear zone by the technical chart
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Technically:

by closing 4h candle under 3835 the price will be strong bearish to reach 3796 & 3756 & 3688

by closing 4h candle above 3908 the price will reach 39441 and if break that also then will touch 3995 & 4029
Comments
InkyGrip
A Nice SPX500USD analysis, many thanks
The_Mummy
Bitcoin is not a stock
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