S&P 500 Index. Will there be a buyer?
On the daily chart, the price interacted with the lower boundary of the sideways range on decreasing volume. The buyer has not yet made a strong presence.
On the hourly chart, a buyer's zone has formed at the lower boundary of the sideways range.
It is more favorable to seek short positions from the daily candle of October 19, 2023, as previously mentioned. Local sales can also be considered after the seller's protection of 4238.4 or 4259.2. Targets are 4217, 4204, and possibly an update of local lows. One should observe how the price passes through the buyer's zones.
Local purchases can be sought upon the resumption of the buyer from the buyer's zone at the lower boundary of the sideways range. Protection level 4217.4 or 4204.3. Targets are 4238.4, 4259.2."
Good luck in trading!
Disclaimer:
This case study is for educational purposes only and does not constitute investment advice or recommendations.
The trading or investment ideas presented here are for illustrative purposes only and are an integral part of a case study demonstrating the concepts of using volume to analyze or trade within the market scenarios discussed.
On the hourly chart, a buyer's zone has formed at the lower boundary of the sideways range.
It is more favorable to seek short positions from the daily candle of October 19, 2023, as previously mentioned. Local sales can also be considered after the seller's protection of 4238.4 or 4259.2. Targets are 4217, 4204, and possibly an update of local lows. One should observe how the price passes through the buyer's zones.
Local purchases can be sought upon the resumption of the buyer from the buyer's zone at the lower boundary of the sideways range. Protection level 4217.4 or 4204.3. Targets are 4238.4, 4259.2."
Good luck in trading!
Disclaimer:
This case study is for educational purposes only and does not constitute investment advice or recommendations.
The trading or investment ideas presented here are for illustrative purposes only and are an integral part of a case study demonstrating the concepts of using volume to analyze or trade within the market scenarios discussed.
Good luck with your trading!
Online analysis: trend or sideways tradingview.com/chart/gC1IdzUW/
Online analysis: trend or sideways tradingview.com/chart/gC1IdzUW/
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Good luck with your trading!
Online analysis: trend or sideways tradingview.com/chart/gC1IdzUW/
Online analysis: trend or sideways tradingview.com/chart/gC1IdzUW/
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.