Forex_Times

πŸ’Ž S&P500: waiting to test near-term option support.

Long
CURRENCYCOM:US500   S&P 500
Key support for Monday, August 30, is the limit buyer (4490.9).
βš™οΈ The main scenario is a successful test of this support and the subsequent rise to the limit seller (4530.6).
In case of a breakdown and fixation below the price level of 4490.9, the subsequent support for today will be the weekly marketmaker balance (4460.0).
πŸ’‘ A successful test of the weekly balance (4460.0) will see the market maker's minimum profit level (4570.0) as medium term upside target.
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