Forex_Times

πŸ’‘ S&P500: analytical review for August 30-September 3.

Long
CURRENCYCOM:US500   US 500
πŸ“Œ Over the past trading week, large participants stealthily gained buy positions, increasing the net bullish outperformance by 26%.
A 7% decrease in investors' locked positions hints at the likelihood of a unidirectional move in the asset's quotations during the new trading week.
πŸ“ The main scenario for next week is a retest of the market maker's balance (4460.0) and a subsequent rise to a significant gain in the downside positions (4520.0).
In case of breakdown and fixation above the option price level at 4520.0 we expect a continuation of long term upside with medium term target,- market maker loss (4570.4).
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Trade active:
πŸ’Ž S&P500: waiting for a test of near-term option support. 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.
Trade active:
⚠️ S&P500: ready to buy, waiting for a profitable opportunity? ✍️ The key support for today is the current limit buyer (4514.2).
♻️ On formation of a buy pattern at the price level of 4514.2 we expect further rise to the close of the currency market with a limit seller (4548.4) as a target.
The subsequent strategic upside target is the market maker's loss level (4570.2).
Trade active:
πŸ”Ή S&P500: looking for bargains to buy. The closest support for today is a limit buyer (4510.1).
πŸ’° If breakdown and consolidation below 4510.1, the next support will be the balance of the week (4495.0).
πŸ’¬ In case of a successful test of the price range of 4510.1-4495.0, expect a rise with the nearest target,- limit seller (4546.0).
Trade active:
πŸ’‘ S&P500: planned gains continue. πŸ“ The nearest support for today is the limit buyer (4528.5).
πŸ“Œ If this support is reached, we expect formation of a buy pattern and subsequent upside with the target: limit seller (4550.1).
The ultimate upside target before the close of the trading week is the market maker's lowest net profit level (4568.2).
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