SPx
OUTLOOK
US stock index futures saw a very slight rise during pre-market trading on Thursday.
The index price began to form a new positive creep, trying to confirm the bullish scenario by stabilizing near 4477, maintaining stability in general within the axes of the main ascending channel shown in the attached drawing. so stabilized above 4477 will help the price to get a positive momentum to reach 4534 and 4580
Hence, the uptrend trend scenario will remain likely in the midterm term unless the 4477 level is breached and holds under it.
Additionally , today news will affect the market
The expected trading range for today is between support 4477 and resistance 4534 until breaching one of them
support line : 4478 , 4457
resistance line : 4534 , 4579
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
OUTLOOK
US stock index futures saw a very slight rise during pre-market trading on Thursday.
The index price began to form a new positive creep, trying to confirm the bullish scenario by stabilizing near 4477, maintaining stability in general within the axes of the main ascending channel shown in the attached drawing. so stabilized above 4477 will help the price to get a positive momentum to reach 4534 and 4580
Hence, the uptrend trend scenario will remain likely in the midterm term unless the 4477 level is breached and holds under it.
Additionally , today news will affect the market
The expected trading range for today is between support 4477 and resistance 4534 until breaching one of them
support line : 4478 , 4457
resistance line : 4534 , 4579
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Trade stängt: målet nått:
The price perfectly fulfills my idea and near to our target .
