SPx
New forecast
The index price failed to breach the stable barrier at 4573 and lost positive momentum, forcing it to postpone the upward attack, forming a temporary negative bounce, and try to start a negative correction to reach 4518 and 4494 levels before any upward .
Therefore the negative correction will be more likely during coming period ,to the price gathering the additional positive momentum required to renew the upward attack and break 4572 .
The expect range trading for today it will be between the resistance line 4573 and support line 4494 .
Additionally Today ,New York sessions will affect on the Indices .
support line : 4535 , 4518
resistance line : 4563 , 4573
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 failed to breach the stable barrier at 4573 and lost positive momentum, forcing it to postpone the upward attack, forming a temporary negative bounce, and try to start a negative correction to reach 4518 and 4494 levels before any upward .
Therefore the negative correction will be more likely during coming period ,to the price gathering the additional positive momentum required to renew the upward attack and break 4572 .
The expect range trading for today it will be between the resistance line 4573 and support line 4494 .
Additionally Today ,New York sessions will affect on the Indices .
support line : 4535 , 4518
resistance line : 4563 , 4573
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
