All indicators are showing a continuous rally on the SPX. Despite closing lower on Tuesday and Wednesday, the index rebound in the next two trading days and almost managed to reach the opening levels from Tuesday.
Both MACD and RSI are confirming the bullish trend, with MACD histogram being above zero and RSI above 50 neutral line.
If this scenario continues, the price might reach levels of 4312.In the opposite scenario, as a pivot point might be viewed the price of 4000, after it new lows of 3925 might be reached.
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Both MACD and RSI are confirming the bullish trend, with MACD histogram being above zero and RSI above 50 neutral line.
If this scenario continues, the price might reach levels of 4312.In the opposite scenario, as a pivot point might be viewed the price of 4000, after it new lows of 3925 might be reached.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
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.
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.