SPx 4H :Support further rise up
Updated
SPx
New forecast
The index price rose in yesterday’s trading and took advantage of the positive pressures to hold above the stable barrier at 4460. We noticed that it recorded significant gains by rushing towards 4500, suggesting an upward trend during the coming trading.
Therefore the upward scenario will be remain valid and effective supported by moving average 50 , so as long as price trade above 4500 we will prefer the uptrend and our target will be 4535 and 4563 and to confirm the bullish trend should stable above 4520 then our targets will be activate , taking into account that stabilized under 4520 will put the price under negative correction to reach 4460 and then will rise up .
The expect range trading for today it will be between the resistance line 4535 and support line 4500.
Additionally Today ,New York sessions will affect on the Indices .
Additionally ,Today News will affect the market .
support line : 4500 , 4460
resistance line : 4521 ,4535
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New forecast
The index price rose in yesterday’s trading and took advantage of the positive pressures to hold above the stable barrier at 4460. We noticed that it recorded significant gains by rushing towards 4500, suggesting an upward trend during the coming trading.
Therefore the upward scenario will be remain valid and effective supported by moving average 50 , so as long as price trade above 4500 we will prefer the uptrend and our target will be 4535 and 4563 and to confirm the bullish trend should stable above 4520 then our targets will be activate , taking into account that stabilized under 4520 will put the price under negative correction to reach 4460 and then will rise up .
The expect range trading for today it will be between the resistance line 4535 and support line 4500.
Additionally Today ,New York sessions will affect on the Indices .
Additionally ,Today News will affect the market .
support line : 4500 , 4460
resistance line : 4521 ,4535
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Trade closed: target reached
SPx
Update
The price perfectly fulfills my last idea
and price reached to our third targets +225 pip.
The index price succeeded in reaching our targets and succeeded in getting rid of the control of the sideways bias by forming a new bullish wave, waiting for additional positive momentum to enable it to put pressure on the stable resistance near 4573. Let us stress the importance of surpassing it to open the door to reaching new positive stations that may start from 4610. so our targets will be 4563 extend to 4573 levels , stabilized above 4573 will support the price to reach 4607.
Therefore the upward scenario will be remain valid and effective during coming period , taking into account that stabilized under 4494 will put the price under negative correction .
The expect range trading for today it will be between the resistance line 4573 and support line 4494.
Additionally Today ,New York sessions will affect on the Indices .
Additionally ,Today News will affect the market .
support line : 4518 , 4494
resistance line : 4563 , 4573
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Trade closed: target reached
SPx
Update
The price perfectly fulfills my last idea and price reached to our targets + 150 pip .
The index price recently rose weakly and lacked positive momentum, but its focus is within the axes of the main ascending channel, which confirms the positive continuity awaiting a breakthrough and stability above the 4573 level, opening the way for the price to reach 4607 and extend to 4636 level.
Therefore the upward scenario will be remain valid , supported by moving average 50 that is continue to support the price to rise up , but to confirm the bullish trend should stable above 4573 level and then our targets will be activate , taking into account that failure to stabilized above 4573 level will force the price to start a negative correction .
The expect range trading for today it will be between the resistance line 4573 and support line 4518.
Additionally Today ,New York sessions will affect on the Indices .
support line : 4535 , 4518
resistance line : 4563 , 4573
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Note
SPxUpdate
our last idea still active and we continue expect the upward scenario will be remain valid for coming period ,
Additionally ,Today News and New York session will affect the market .
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