Forex_Times

πŸ“ S&P500: weekly forecast for July 26 - 30.

Long
CURRENCYCOM:US500   US 500
New US Commodity Futures Trading Commission reports overall market volume up 1%, confirming the overall strength of the stock market.
πŸ“Œ According to the current CoT reports, the buying preponderance has decreased by 38%, indicating a likely continuation of corrective impulse decreases during the new trading week as well.
A 7% increase in investors' locked positions suggests a flattening of the asset in the price corridor during the coming trading week.
In case of an additional test of the week's balance (4335.0), we expect an impulsive rise to the hedge resistance level (4450.4).
πŸ’‘ On breakdown and fixation above the price level of 4450.4 we expect a subsequent rise to market maker loss (4477.8).
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Trade active:
πŸ“Œ S&P500: rally to continue, investors buying? The nearest option level of support for today is the limit buyer (4364.4).
πŸ’‘ Subsequent intraday support is the balance of the week (4335.0).
In case the asset quotations fall into the specified support price range and a buy pattern is formed, we expect a suspension of the decline and a subsequent rise until the close of the trading day.
πŸ“ The nearest upside target is the limit seller (4436.4).
Trade active:
πŸ“Œ S&P500: corrective decline as a buying opportunity. ⚠️ The nearest support for today is a limit buyer (4378.0).
In case of breakdown and fixation below the mentioned support, we expect a relatively deep correction within the trading week with reaching the balance of the week level (4345.0).
πŸ“ If a buy pattern is formed near the limit buyer level (4378.0), limit seller (4443.6) is the minimum upside target.
Trade active:
πŸ’‘ S&P500: limit-buyer test as an investment opportunity? πŸ’  The key support for today is the limit buyer (4357.5).
The main scenario for today is to form a buy pattern in the price range of 4395.2-4357.5 (balance of the day and limit buyer) and a subsequent rise to limit seller (4429.4).
πŸ“Œ On breakdown and fixation above the price point 4429.4 we expect further upside with medium term benchmark,- market maker loss (4485.0).
Trade active:
πŸ“ S&P500: will the stock market rise? πŸ’‘ The closest support for today is the weekly marketmaker balance at 4360.0.
In case of successful test of weekly balance (4360.0) we expect a rise with nearest target,- limit seller (4424.2).
πŸ“Œ In case of breakdown and fixation above the limit seller (4424.2) we expect the rise to hedge resistance zone (4456.7).
Trade active:
πŸ“ S&P500: decline to balance before expiry. πŸ’‘ The weekly market maker balance is dynamically rising. So in the past 24 hours, the mentioned option level has risen from 4360.0 to 4370.0.
πŸ“Œ If breakdown and fixation below the limit buyer (4381.2) we expect decline to the balance of the week (4370.0).
In case of a successful test of the balance of the week (4370.0), expect a rise with the nearest target,- limit seller (4425.4).
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