S&P 500 Endeksi

$SPX Index forming a triple low and continue to be in a channel

142
Sun 09.Dec.2018 12:13
Ticker: SPX
LAST= 2,633.08

S&P 500 INDEX movement during the last few days showed a Bearish move, with a recent low price seen on Thu 06.Dec.2018 at 2,621.53 forming a triple lows formation at around 2,635.00 level and continue to be within the channel formed since mid October [2,815.00 -- 2,635]

During the next few days the price is expected to go down to 2,620.00 just to test the strength of the lower level of the channel [2,815.00 -- 2,635].

The view for the Short-Term is expected to continue to be DOWN as long as the price is below 2,647.55. And its recommended to ' BE SHORT ' for a targeted price of around 2,625.00 and then may continue to the first and second support levels.

On the other hand, a change in the direction of the general trend needs to be considered when the price trades above the level 2,745.00


Res_2 = 2,690.50
Res_1 = 2,644.00

Sup_1 = 2,597.55
Sup_2 = 2,550.00

Feragatname

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