SPx
New forecast
The price of the index rose yesterday and some positive trading appeared to stabilize above the level of 4353, trying to confirm the positive continuity and reaching 4395, which in turn currently constitutes a new resistance and stability above it will facilitate the task for the price to reach 4427 and 4445.
Therefore the uptrend scenario will be remain valid and effective supported by moving average 50 that is continue to support the price towards higher , but to confirm the bullish trend should stable above 4395 and then our target will be activate , taking into account that stabilized under 4353 will force the price to make a correction before any new high.
The expect range trading for today it will be between the resistance line 4395 and support line 4353.
Additionally Today ,New York sessions will affect on the Indices .
support line : 4370 , 4353
resistance line : 4395 , 4427
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 of the index rose yesterday and some positive trading appeared to stabilize above the level of 4353, trying to confirm the positive continuity and reaching 4395, which in turn currently constitutes a new resistance and stability above it will facilitate the task for the price to reach 4427 and 4445.
Therefore the uptrend scenario will be remain valid and effective supported by moving average 50 that is continue to support the price towards higher , but to confirm the bullish trend should stable above 4395 and then our target will be activate , taking into account that stabilized under 4353 will force the price to make a correction before any new high.
The expect range trading for today it will be between the resistance line 4395 and support line 4353.
Additionally Today ,New York sessions will affect on the Indices .
support line : 4370 , 4353
resistance line : 4395 , 4427
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
