S&P is approaching our first resistance at 2797.60 (horizontal overlap resistance, 76.4% Fibonacci retracement , 100% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 2631.22 (38.2% Fibonacci retracement , Horizontal swing low support) Stochastic (34,5,3) is also approaching resistance where we...
S&P bounced nicely off its support at 2679.59 (horizontal overlap support, 100% fibonacci extension , 50% fibonacci retracement ) where it could potentially bounce to its resistance at 2755.11(61.8% & 100% Fibonacci extension ). Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
S&P bounced nicely off its support at 2679.59 (horizontal overlap support, 100% fibonacci extension , 50% fibonacci retracement ) where it could potentially bounce to its resistance at 2740.46(61.8% & 100% Fibonacci extension). Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
S&P is approaching our first support at 2687.75 (horizontal overlap support, 100% Fibonacci extension , 38.2% Fibonacci retracement ) where a strong bounce might occur above this level pushing price up to our major resistance at 2790.51 (76.4% Fibonacci retracement , 100% Fibonacci extension , horizontal swing high resistance). Stochastic (21,5,3) is approaching...
Can You See That Negative Divergence? ( When two or more indicators, indexes, or averages, fail to show confirming trends. A negative Divergence occurs when a price index is making a higher top at the same time a technical indicator is flat or making a lower top. ) TP 1: 2600 TP 2: 2500 TP 3: 2400 Good Luck!
i am expecting this to go down . there is every chance it could go back up so be carefull
I believe if it breaks the triangle we will continue down to previous supports, otherwise we will see January levels coming.
SPXU GoldMine---Shh... Daily Chart. Short-Term Trade Idea. Long Play on SPXU. SPXU is an inverse ETF of S&P 500 and has been in a downward trend for almost 10 years (since 2009). Makes sense as the S&P has been in an upward trend since the great recession in the U.S. However, SPXU recently broke out two times this month with volume confirmation each time...
S&P500 Bearish Pattern Forming If It fails to break that risistence line this pattern will be confirmed Triple Bottom within the wedge indicates a challenge of that line ift fails to break the pattern will form
SPX500 TARGET 2100 XAUUSD 1520 TARGET