Forex_Times

đź“ť S&P500: weekly forecast for July 5 - 9.

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Forex_Times Mis Ă  jour   
CURRENCYCOM:US500   US 500
New reports from the US Commodity Futures Trading Commission show the overall market is up 2%, confirming the overall strength of the stock market.
đź“Ś In line with the current CoT reports, the buying outperformance increased by 8%, indicating a likely continuation of the upside during the new trading week as well.
A 1% increase in locked-in investor positions suggests a likely flattening of the asset's price range during the first half of the trading week.
In case of an additional test of the balance level (4311.3), we expect an impulse rise to the market maker's resistance level (4359.3).
đź’ˇ On breakdown and fixation above 4359.3 price level, we expect further rise to $614m limit sell order (4375.0).
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Transaction en cours:
đź’Ž S&P500: balance sheet is dynamically rising, rally continues. Key support for Monday 5 July is the balance of the day (4340.9).
⚙️ The main scenario is a successful test of this support and the subsequent rise to the limit seller (4361.4).
In case of a breakdown and fixation below the 4340.9 price level, the subsequent support for today will be the limit buyer (4329.2).
đź’ˇ On a successful test of limit buyer (4205.9), the mid-term upside target will be the market maker's loss level (4300.9).
Transaction en cours:
⚠️ S&P500: loss reached, what next? ✍️ Key support for today is the limit buyer (4331.4) and the balance of the day (4340.7).
♻️ On formation of a buy pattern inside the specified support price range, we expect subsequent rise to the close of the currency day with a limit seller (4365.1) as a target.
In case of break and consolidation above the mentioned resistance, the subsequent upside target will be a $548m downside gain (4375.0).
Transaction en cours:
đź’ˇ S&P500: balance of the day test as an investment opportunity? đź’  The closest support for today is the balance of the day (4333.7).
Subsequent intraday support is a limit buyer (4327.5).
The main scenario for today is the formation of a buy pattern in the price range of 4333.7-4327.5 (balance of the day and limit buyer) and the subsequent rise to limit seller (4360.2).
đź“Ś On breakdown and fixation above 4360.2 we expect further upside with a medium term benchmark,- important option level at 4375.0 price level.
Transaction en cours:
♻️ S&P500: reached market maker loss level! 💠 The nearest resistance level for today is the balance of the day (0.7483).
👉 In case of a successful test of the mentioned resistance level, we expect the subsequent decline to the close of the trading day to the marketmaker's loss (0.7389).
Weekly hedge support zone (0.7349-0.7342) is the medium-term downside target.
Transaction en cours:
📌 S&P500: marketmaker balance is the perfect price to buy? ⚠️ Marketmaker balance level test (4300.0) has worked out over the past 24 hours with a false breakdown.
The nearest support level for today is the limit buyer (4312.5).
In case of formation of buying pattern in the price range 4312.5-4300.0, we expect impulsive rise with limit seller (4360.3) as a target.
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