The index is currently trading in a bearish channel on the 4H chart. If it breaks the upper trend line, it will be facing horizontal resistance. Expecting a bearish or choppy movement ahead.
S&P 500 (SPX) has shown a splendid (but unnatural) rally in couple of months. However, before having a sustainable direction, I would expect the prices to retract towards 3135-3130 levels.
SPX ( S&P 500 index and futures) approaching a strong resistance 3116-3122. A price rejection may offer a good short-sell opportunity.
Watching a volatile week, S&P 500 is expected to continue its bullish trend ahead. The price seems to be within a predictable channel. Indicators like MACD and Stochastic are indicating a bullish movement. However, one should be watchful in the 2902-2934 price zone. If the bears could drag the price below 2900 - a further drop can be witnessed.
This strategy is tested on selected forex and crypto pair. It won't re-paint until you are following the rules and not playing with the settings. 1. Use 15 Minutes Heiken-Ashi chart. 2. Apply the strategy 3. Enjoy!!! (If the strategy works for you, don't forget to buy me a cup of coffee.. ) Please let me know, if you find any trouble. It is always recommended to...
We see that LTCUSD pair could not cross the diagonal resistance trendline. Looking at the chart and other technical indicators, It seems that LTCUSD will continue its longtime downtrend.