SPX - Waiting for ADP and ISM
Updated
SPx
The price already pushed up and reached our price we mentioned which is 5301, due to the JOLTs result was Negative results, so today also we have ADP and ISM that remain Negative results expectation, so depending on the news expected the direction should be bullish trend,
However, it tries to continue its bullish trend to get 5320, then the movement will be between 5320 and 5302
Bullish scenario: as long as the price trades above 5302 means will continue the bullish trend toward 5320 and above it will be 5347
Bearish scenario: should be stabilized under 5301 to get 5260, and stabilize 1h candle under 5260 means will drop to get 5226
Pivot line: 5302
Resistance line: 5320, 5347, 5390
Support line: 5260, 5226, 5193
The price will move between Support 5284 and Resistance 5347
The price already pushed up and reached our price we mentioned which is 5301, due to the JOLTs result was Negative results, so today also we have ADP and ISM that remain Negative results expectation, so depending on the news expected the direction should be bullish trend,
However, it tries to continue its bullish trend to get 5320, then the movement will be between 5320 and 5302
Bullish scenario: as long as the price trades above 5302 means will continue the bullish trend toward 5320 and above it will be 5347
Bearish scenario: should be stabilized under 5301 to get 5260, and stabilize 1h candle under 5260 means will drop to get 5226
Pivot line: 5302
Resistance line: 5320, 5347, 5390
Support line: 5260, 5226, 5193
The price will move between Support 5284 and Resistance 5347
Note
the price pushed up and it is possible to continue the bullish trend to record a new all-time high due to the CPI for this week
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~6 analyses per day. With a clear entry point
more than 1000 pip per week —— Accuracy +88%
SM World and Economy News 24/7
Urgent News ⚡️:
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