S&P 500: Trading Recommendations |

continues to trade within the upward channel on the daily chart, in the zone above the key support levels 3920.0 (ЕМА200 on the daily chart), 3190.0 (ЕМА200 on the weekly chart). In the area above the important short-term support level 4327.0, long positions in the S&P 500 are not in danger. A breakthrough of this support level may become a signal for a deeper correction to support levels 4263.0 (ЕМА200 on the 4-hour chart), 4246.0 (May highs).

In the current situation, however, long positions remain preferable, and the breakdown of the local resistance level of 4373.0 will become a signal to build up long positions.

Trading recommendations

Sell ​​Stop 4344.0. Stop-Loss 4366.0. Targets 4327.0, 4263.0, 4246.0, 4135.0, 4030.0, 3920.0
Buy Stop 4366.0. Stop-Loss 4344.0. Targets 4373.0, 4400.0, 4500.0

Related Articles
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Most Related Links :
reporterwings Governmental News Finance News

Source link

Back to top button