211 views
S&P is trading within a Channel Up on the 4H chart ( RSI = 43.121, MACD = 1.310, ADX = 35.999) and is right now testing not only the 3,200 Support but also the Higher Low trend-line of the Channel Up.
This is a bullish signal which we are taking and will close within 3,275 - 3,292, which is practically the Resistance Zone . If however the 3,200 Support breaks, we will switch to selling towards the 3,115 Support.
** If you like our free content follow our profile to get more daily ideas. **
Comments and likes are greatly appreciated.
This is a bullish signal which we are taking and will close within 3,275 - 3,292, which is practically the Resistance Zone . If however the 3,200 Support breaks, we will switch to selling towards the 3,115 Support.
** If you like our free content follow our profile to get more daily ideas. **
Comments and likes are greatly appreciated.
High quality portfolio management, asset allocation with excellent risk management. Grow your account, achieve steady profit levels and increase your trading edge with InvestingScope (http://www.investingscope.com).
Comments