US500 - Intraday - We look to Sell at 3909 (stop at 3963)
A Fibonacci confluence area is located at 3776.
An overnight positive theme in Equities has led to a higher open this morning.
Intraday, and we are between bespoke support and resistance 3893-3503.
There is no clear indication that the downward move is coming to an end.
Our profit targets will be...
US500 - Intraday - We look to Sell at 3918 (stop at 3988)
Trades at the lowest level in 25 days.
The 161.8% Fibonacci extension is located at 3861 from 4140 to 3968.
The medium term bias remains bearish.
Bespoke support is located at 3504.
Our profit targets will be 3745 and 3505
Resistance: 3918 / 3958 / 4140
Support: 3861 / 3746 / 3503
Disclaimer –...
US500 - Intraday - We look to Sell at 3969 (stop at 3994)
Posted Mixed Daily results for the last 3 days.
Intraday, and we are between bespoke support and resistance 3913-3969.
The medium term bias remains bearish.
Preferred trade is to sell into rallies.
Our profit targets will be 3913 and 3700
Resistance: 3969 / 4050 / 4097
Support: 3913 / 3700 /...
US500 - Intraday - We look to Buy at 3945 (stop at 3920)
A Fibonacci confluence area is located at 4015.
With our medium term bias looking to fade gains and the short term bias indicating buying interest we are faced with mixed signals.
Bespoke support is located at 3945.
Preferred trade is to buy on dips.
Our profit targets will be 4012 and 4046...
US500 - Intraday - We look to Buy at 3958 (stop at 3927)
A Fibonacci confluence area is located at 4038.
Continued downward momentum from 4040 resulted in the pair posting net daily losses yesterday.
Selling posted in Asia.
Intraday, and we are between bespoke support and resistance 3958-4048.
Preferred trade is to buy on dips.
Our profit targets will be...
US500 - Intraday - We look to Buy at 3907 (stop at 3859)
A Fibonacci confluence area is located at 4038.
Bespoke support is located at 3905.
The previous swing low is located at 3904.
Dips continue to attract buyers.
Our profit targets will be 4038 and 4055
Resistance: 4038 / 4042 / 4055
Support: 3905 / 3902 / 3487
Disclaimer – Saxo Bank Group.
Please...
US500 - 8h expiry - We look to Buy at 3790 (stop at 3765)
Broken out of the triangle formation to the upside.
The formation has a measured move target of 3898.
Dips continue to attract buyers.
The bias remains mildly bullish but there is scope for a move in either direction at the open.
Bespoke support is located at 3790.
Our profit targets will be 3890...
US500 - Intraday - We look to Buy at 3882 (stop at 3828)
A Fibonacci confluence area is located at 4060.
There is no clear indication that the upward move is coming to an end.
Dips continue to attract buyers.
Bespoke support is located at 3882.
Our profit targets will be 4047 and 4062
Resistance: 4047 / 4060 / 4135
Support: 3882 / 3846 / 3488
Disclaimer...
US500 - 9h expiry - We look to Buy at 3725 (stop at 3678)
An overnight positive theme in Equities has led to a higher open this morning.
There is no sign that this bullish momentum is faltering but the pair has stalled close to a previous swing high of 3798.
However, with the intraday chart now highlighting higher lows we are possibly forming an ascending...
Following the goldilocks jobs report, US stocks rallied and added to their rebound from the second of Thursday's session. However, the markets remain in a longer-term bear trend and are not out of the woods. The Fed is going to be tightening its policy aggressively in coming months, which should put a ceiling on asset prices.
The bears must now wait for the...
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