Forex_Times

💡 S&P500: analyst review for June 14-18.

Long
CURRENCYCOM:US500   S&P 500
📌 During last trading week, as we wrote in our last weekly review, the bullish trend continued to rise successfully.
Large participants stealthily gained buy positions, increasing the net bullish outperformance by 18%.
A 5% increase in locked-in investor positions hints at the likelihood of the asset's price channel movement during the new trading week.
📝 The main scenario for next week is a retest of the market maker balance (4215.0) and a subsequent rise to the hedge zone (4300.0).
In case of breakdown and fixation above the option price level at 4300.0, we expect a continuation of long term growth with medium term target,- loss of market maker (4362.2).
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Trade active: 💎 S&P500: waiting for the balance of the day test. Key support for Monday, June 14 is the balance of the day (4237.2).
⚙️ The main scenario is a successful test of the mentioned support and the subsequent rise to the limit seller (4277.6).
In case of a breakdown and fixation below the 4237.0 price level, the subsequent support for today will be the limit buyer (4211.8).
💡 A successful test of limit buyer (4211.8) will see hedger resistance zone (4300.0) as medium term upside target.
Trade active: ⚠️ S&P500: balance of the day tested, what next? During the US trading session on Monday, June 14, the asset tested the balance of the day mentioned in yesterday's review (4237.2).
✍️ The key support for today is the current balance of the day (4246.3).
♻️ With the formation of a buy pattern near the price point of 4246.3, we expect a further rise to the close of the currency day with a limit seller (4286.0) as a target.
Trade active: 🔹 S&P500: balance of the week dynamically rising. The closest support for today is the balance of the day (4236.8).
💰 On a successful test of 4236.8, subsequent resistance will be limit seller (4276.8).
💬 In case of breakdown and fixation below the balance of the day (4236.8), downside is expected with the nearest target, the balance of the week (4220.0).
Trade active: ♻️ S&P500: closed below market maker balance. 👉 The nearest support level for today is the limit buyer (4179.4).
📝 The main scenario for today is the formation of a buy pattern near the limit buyer (4179.4) and the subsequent rise to the balance of the week (4220.0).
The ultimate upside target before the close of the trading day is the limit seller (4243.2).
Trade active: ♻️ S&P500: unwinding the balance of the week. 👉 The closest support for today is the balance of the week (4215.0).
📝 The main scenario for today is a break of the balance of the week level (4215.0) and a subsequent decline to a limit buy (4193.5).
In case of successful test of limit buyer (4193.5) we expect upside with target,- limit seller (4251.6).
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