S&P500 at Key Resistance Level a Head of Midterm Elections

Last week, price had a nice recovery by ending the week with at least 3.5% gain, after bottoming out at 260.00 last Monday. Now price is trading just under the topside level of the bearish channel . With elections tomorrow, the market is bound to enter a period of very high volatility . This means that price could easily reverse back to the bottom level of the trend as volatility peaks again tomorrow.

Trade Step-ups:

Bearish Reversal: Price rejects a breakout from the current bearish trend , price reverses to the bottom level. Profit levels to look for are 265.00 & 261.00.

Bullish Breakout: Price breaks current trend, look for consolidation above 270.00. If price breaks this level look for a move higher.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out