Forex_Times

πŸ’‘ S&P500: analytical review for July 19-23.

Long
CURRENCYCOM:US500   US 500
πŸ“Œ The market maker balance level (4330.0) was successfully tested during last trading week.
Large participants stealthily gained buy positions, increasing the net bullish outperformance by 5%.
A 15% increase in locked-in investor positions suggests the probability of asset price movement in the price channel during the new trading week.
πŸ“ The main scenario for next week is a rise to the hedge zone (4400.0).
In case of breakdown and fixation above the option price level at 4400.0 we expect continuation of long term growth with medium term target,- market maker loss (4432.4).
πŸ€” Like the idea? πŸ‘ get a like ✍️ write a comment
Trade active:
πŸ’Ž S&P500: balance is dynamically rising, rally continues. Key support for Monday, July 19, is the limit buyer (4306.2).
βš™οΈ The main scenario is a successful test of this support and subsequent rise to the limit seller (4364.4).
In case of a breakdown and fixation above the 4364.4 price level, the hedge zone (4401.9) will be the subsequent resistance within the trading week.
Trade active:
πŸ“Œ S&P500: corrective decline as a buying opportunity. ⚠️ The nearest support for today is the option balance of the day (4251.3).
In case of breakdown and fixation below this support, we expect a relatively deep correction within the trading week with reaching the limit buyer level (4223.8).
πŸ“ If a buy pattern is formed near the limit buyer (4223.8) the minimum upside target is the limit seller (4300.0).
Trade active:
⚠️ S&P500: going to test the balance of the week? The closest support for today is a limit buyer (4300.0).
The close of the balance of the week (4310.0) further strengthens it.
πŸ’  In case of successful test of the mentioned option support we expect formation of a buy pattern with targets: limit seller (4346.1) and hedge zone (4400.0).
Trade active:
⚠️ S&P500: will there be a profitable buying opportunity? Over the past trading day, the week's balance test (4320.5) and the subsequent rise have been successfully worked out, realising the main scenario.
There is a possibility of a corrective decline during the second half of the current trading week and an additional medium-term bullish buying at the best prices.
The nearest support in this case is a limit buyer (4341.2).
In case of a rebound and fixation above the limit buyer (4341.2) the nearest upside target before the currency close will be the limit seller (4371.6)
Trade active:
πŸ“Œ S&P500: market maker loss - growth target? ⚠️ The nearest support level for today is the limit buyer (4357.5).
Today during the European trading session we expect to reach the nearest resistance: the limit seller level (4384.0).
πŸ“ If the price fixes above 4384.0, the subsequent upside target for today is the market maker's loss (4393.1).
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.