SPx
Although the index price was subjected to strong negative pressures yesterday, and crept below the support of the bullish sub-channel represented at 4090 its stability until this moment above the axis of the moving average 55, which is stable at 4060, contributes to enhancing the chances of renewing the bullish attempts for the near and medium period.
The price currently needs a new positive momentum to facilitate the task of renewing the positive attempts, which may initially target 4145 to reach 4200, while the price was subjected to new negative pressures and presented a negative closing below 4060
Pivot Price 4073
Support prices: 4059 & 4040 & 3998
Resistance prices: 4102 & 4146 & 4177
The expected trading range for today is between 4073 and 4145
The expected general tendency for today: Bullish
Although the index price was subjected to strong negative pressures yesterday, and crept below the support of the bullish sub-channel represented at 4090 its stability until this moment above the axis of the moving average 55, which is stable at 4060, contributes to enhancing the chances of renewing the bullish attempts for the near and medium period.
The price currently needs a new positive momentum to facilitate the task of renewing the positive attempts, which may initially target 4145 to reach 4200, while the price was subjected to new negative pressures and presented a negative closing below 4060
Pivot Price 4073
Support prices: 4059 & 4040 & 3998
Resistance prices: 4102 & 4146 & 4177
The expected trading range for today is between 4073 and 4145
The expected general tendency for today: Bullish
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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 ⚡️:
t.me/SM_News_24h
