Technical Analysis and Outlook
The Spooz is currently in a downtrend. Forecasting a drop to Mean Sup $4,385 : a strong buy providing ample opportunity for loading-a-boat for resurgence to retest Mean Res $4,4 80 and follow through to Key Res $4,537. The subsequent significant outcome is Outer Index Rally marked at $4,626 to follow. See the 'Weekly Market...
Sp500 started a uptrend channel in April however in SEP we broke this uptrend channel but
SP500 found support on the blue trend line and price went back to test the previous Uptrend channel
Price respected the uptrend channel resulting a doji candle that means the previous channel is acting as resistance now
Or price could get back into the...
Please give this an idea a like if you found it helpful. Price still has the potential to reach lower. Next Objectives are 3280 & 3250. Remember, I am eventually looking for 3200. Refer to the related ideas attached to this post. Thank you.