SPX What Next? BUY!
My dear followers,
I analysed this chart on SPX, and concluded the following:
The instrument tests an important psychological level 4137.63
Bias - Bullish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Target - 4257.90
Recommended Stop Loss - 4067.61
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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