SPx 4H : Stability above 4395 will rise up
SPx
New forecast
In yesterday's trading, the index price touched the 4395 level and then repeated the sideways fluctuation, while the general stability is above the support level extending towards 4370, this calls us to adhere to the bullish bias, which may soon target the 44270 and 4445 levels.
Therefore the uptrend scenario will be remain valid and effective during coming period supported by moving average 50 ,but to confirm the bullish trend should stable above 4395 and then our target will be activate , taking into account that stabilized under 4353 will postponed the bullish waves and will put the price under sell pressure .
The expect range trading for today it will be between the resistance line 4395 and support line 4353.
Additionally Today ,New York sessions will affect on the Indices .
support line : 4370 , 4353
resistance line : 4395 , 4427
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
New forecast
In yesterday's trading, the index price touched the 4395 level and then repeated the sideways fluctuation, while the general stability is above the support level extending towards 4370, this calls us to adhere to the bullish bias, which may soon target the 44270 and 4445 levels.
Therefore the uptrend scenario will be remain valid and effective during coming period supported by moving average 50 ,but to confirm the bullish trend should stable above 4395 and then our target will be activate , taking into account that stabilized under 4353 will postponed the bullish waves and will put the price under sell pressure .
The expect range trading for today it will be between the resistance line 4395 and support line 4353.
Additionally Today ,New York sessions will affect on the Indices .
support line : 4370 , 4353
resistance line : 4395 , 4427
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
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