SPx
New forecast
The price perfectly fulfills my last idea and price reached to our target +150 pip .
The index price rose last week and reached to our targets and confirmed its move towards the upward path by rushing above the 4321 level. We expect the price to resume the upward attack, waiting for stability above the 4370 level to confirm the continuation of the upward trend.
Therefore the upward scenario will be remain valid supported by moving average 50 ,but to confirm the bullish trend should stable above 4370 and then our target will be activate and will reach to 4395 and 4427, taking into account that breaching the support level 4354 will force the price to formed the negative correction and then will rise up .
The expect range trading for today it will be between the resistance line 4395 and support line 4341.
Additionally Today ,New York sessions will affect on the Indices .
support line : 4354 , 4341
resistance line : 4370 , 4395
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
New forecast
The price perfectly fulfills my last idea and price reached to our target +150 pip .
The index price rose last week and reached to our targets and confirmed its move towards the upward path by rushing above the 4321 level. We expect the price to resume the upward attack, waiting for stability above the 4370 level to confirm the continuation of the upward trend.
Therefore the upward scenario will be remain valid supported by moving average 50 ,but to confirm the bullish trend should stable above 4370 and then our target will be activate and will reach to 4395 and 4427, taking into account that breaching the support level 4354 will force the price to formed the negative correction and then will rise up .
The expect range trading for today it will be between the resistance line 4395 and support line 4341.
Additionally Today ,New York sessions will affect on the Indices .
support line : 4354 , 4341
resistance line : 4370 , 4395
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
