SPx
New forecast
The price of the index rose in yesterday’s trading with strong positive pressure as a result of its repeated stability above the support represented by the level of 4205. We notice the formation of an upward impulse, thus compensating for some of the losses achieved recently, to exceed the stable barrier near 4230.
Therefore the upward trend scenario will be remain valid and effective supported by moving average 50 that is continue to support the price to rise up We will begin to expect more bullish corrective attempts, which may soon target the 4300 level, and surpassing it will reach 4325 also it is possible to do retest to 4230 and then rise up.
The expect range trading for today it will be between the resistance line 4300 and support line 4230.
Additionally Today ,New York sessions will affect on the Indices .
support line : 4230 , 4205
resistance line : 4300 , 4325
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️h
New forecast
The price of the index rose in yesterday’s trading with strong positive pressure as a result of its repeated stability above the support represented by the level of 4205. We notice the formation of an upward impulse, thus compensating for some of the losses achieved recently, to exceed the stable barrier near 4230.
Therefore the upward trend scenario will be remain valid and effective supported by moving average 50 that is continue to support the price to rise up We will begin to expect more bullish corrective attempts, which may soon target the 4300 level, and surpassing it will reach 4325 also it is possible to do retest to 4230 and then rise up.
The expect range trading for today it will be between the resistance line 4300 and support line 4230.
Additionally Today ,New York sessions will affect on the Indices .
support line : 4230 , 4205
resistance line : 4300 , 4325
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️h
Trade closed: target reached:
SPx
New forecast
The price perfectly fulfills my last idea and price reached to our target +400 pip.
The index price resumed its upward corrective push by exceeding the stable target at 4325 and settling above it. We expect the price to be targeted now to the resistance zone at 4354 and 4370.
Therefore the upward scenario will be remain valid and effective during coming period supported by moving average 50 that is continue to support the price to rise up ,keeping in mind that failure to breach the resistance zone we mentioned above, it will forces the price to formed the negative correction to 4300 and then will rise up again so be care it possible to do a retest in any time .
The expect range trading for today it will be between the resistance line 4370 and support line 4300.
Additionally Today ,New York sessions will affect on the Indices .
support line : 4225 , 4300
resistance line : 4354 , 4370
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
SPx
New forecast
The price perfectly fulfills my last idea and price reached to our target +400 pip.
The index price resumed its upward corrective push by exceeding the stable target at 4325 and settling above it. We expect the price to be targeted now to the resistance zone at 4354 and 4370.
Therefore the upward scenario will be remain valid and effective during coming period supported by moving average 50 that is continue to support the price to rise up ,keeping in mind that failure to breach the resistance zone we mentioned above, it will forces the price to formed the negative correction to 4300 and then will rise up again so be care it possible to do a retest in any time .
The expect range trading for today it will be between the resistance line 4370 and support line 4300.
Additionally Today ,New York sessions will affect on the Indices .
support line : 4225 , 4300
resistance line : 4354 , 4370
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Trade closed: target reached:
SPx
The price perfectly fulfills my last idea and price reached to our target +60pip.
The price perfectly fulfills my last idea and price reached to our target +60pip.
