Forex_Times

πŸ’‘ S&P500: analytical review for June 28-July 2.

Long
CURRENCYCOM:US500   US 500
πŸ“Œ The market maker balance level (4200.0) was successfully tested during last trading week with a false breakdown.
Large participants stealthily sold, reducing the bulls' net outperformance by 39%.
A 51% 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 retest of the market maker balance (4240.0) and a subsequent rise to the market maker loss (4239.9).
In case of breakdown and fixation above the option price level at 4239.9, we expect a continuation of long term growth with medium term target,- hedge zone (4350.5).
πŸ€” Like the idea? πŸ‘ like it ✍️ write a comment
Trade active:
πŸ’  S&P500: the rally continues! πŸ’‘ Key support for today is the balance of the day (4271.7).
Medium support remains the limit buyer (4261.2).
If a buy pattern is formed near the limit buyer level (4261.2), we expect an upside impulse with limit seller (4301.0) as a target.
Trade active:
⚠️ S&P500: entrenched above balance, what next? ✍️ The key support for today is the balance of the day (4275.4).
♻️ On formation of a buy pattern below the price level of 4275.4 we expect further rise to the currency market close with a limit seller (4297.8) as a target.
In case of breakdown and fixation below the 4275.4 price level, we expect a decline to the limit buyer (4269.6).
Trade active:
πŸ’‘ S&P500: balance test as an opportunity to invest profitably? πŸ’  The closest support for today is the balance of the day (4282.1).
The limit seller (4305.5) is the upside target before the close of the currency day.
The main scenario for today is the formation of a buy pattern in the price range of 4282.1-4274.7 (balance of the day and limit buyer) and the subsequent rise to the limit seller (4305.5).
πŸ“Œ On breakdown and fixation above the price point 4144.0 we expect further upside with medium term benchmark,- hedge zone (4200.0).
Trade active:
♻️ S&P500: upside will continue for now. πŸ‘‰ The closest support for today is the balance of the day (4288.6).
πŸ“ The main scenario for today is the formation of a buy pattern in the price range of 4288.6-4284.3 (balance of the day and limit buyer).
The ultimate upside target is the limit seller (4311.5).
Trade active:
πŸ’‘ S&P500: marketmaker balance is systematically rising. πŸ“ The nearest resistance for today is the limit seller (4325.6).
πŸ“Œ If this resistance is reached, we expect formation of a sell pattern and subsequent decline with targets: balance of the day (4310.7) and limit buyer (4306.3).
The ultimate upside target before the close of the trading week in case of formation of a buy pattern inside the 4310.7-4306.3 price range is the market maker's minimum profit level (4331.2).
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.