SPx
New forecast
Despite the weak trading of the index price yesterday and its repeated stability near 4353, this will not affect the main upward path, so we will maintain our bullish bias, but before that the price will try to form a downward correction, and after that it will rise.
Therefore the price will try to formed the negative correction and to confirm that should stable under 4353 and then the price will try to reach 4341 and breaching that will extend to 4321 , taking into account that stabilized above 4370 level will force the price to return the main bullish trend and targeting 4395.
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 : 4353, 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
Despite the weak trading of the index price yesterday and its repeated stability near 4353, this will not affect the main upward path, so we will maintain our bullish bias, but before that the price will try to form a downward correction, and after that it will rise.
Therefore the price will try to formed the negative correction and to confirm that should stable under 4353 and then the price will try to reach 4341 and breaching that will extend to 4321 , taking into account that stabilized above 4370 level will force the price to return the main bullish trend and targeting 4395.
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 : 4353, 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 ❤️
