SPx
New forecast
The index price fell in yesterday's trading and failed to resume the upward attack, forcing it to form a bearish corrective bounce, thus testing the initial support stable at 4353.
Therefore the downtrend scenario will be more likely during coming period and targeting 4321 and extend 4300, taking into account that stabilized above 4370 will return the price to the uptrend and support the price to rise up .
The expect range trading for today it will be between the resistance line 4370 and support line 4300 .
Additionally Today ,New York sessions will affect on the Indices .
support line : 4321, 4300
resistance line : 4353 , 4370
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
The index price fell in yesterday's trading and failed to resume the upward attack, forcing it to form a bearish corrective bounce, thus testing the initial support stable at 4353.
Therefore the downtrend scenario will be more likely during coming period and targeting 4321 and extend 4300, taking into account that stabilized above 4370 will return the price to the uptrend and support the price to rise up .
The expect range trading for today it will be between the resistance line 4370 and support line 4300 .
Additionally Today ,New York sessions will affect on the Indices .
support line : 4321, 4300
resistance line : 4353 , 4370
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
