SPx
OUTLOOK
Wall Street's major indexes closed higher on Monday as Tesla shares rose
While investors awaited the inflation data scheduled to be released this week to try to deduce the interest rate path that the Federal Reserve (the US central bank) will take.
Technical abstract:
The index price has strengthened the previously suggested positivity by currently oscillating above the 4478 level, trying to get rid of temporary negative pressures. We notice the formation of an upward wave and stability near 4490.
The general stability within the axes of the ascending channel and consolidation above support 4478 level confirms that trading is held within the upward path, so we continue to suggest that the price will target new positive stations that may currently start from 4500 and 4534, respectively.
The expect range trading for today it will be between resistance line 4500 and support line 4478
Additionally , today New York season will affect on the US stock index futures.
support line : 4478 , 4457
resistance line : 4500 , 4534
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
OUTLOOK
Wall Street's major indexes closed higher on Monday as Tesla shares rose
While investors awaited the inflation data scheduled to be released this week to try to deduce the interest rate path that the Federal Reserve (the US central bank) will take.
Technical abstract:
The index price has strengthened the previously suggested positivity by currently oscillating above the 4478 level, trying to get rid of temporary negative pressures. We notice the formation of an upward wave and stability near 4490.
The general stability within the axes of the ascending channel and consolidation above support 4478 level confirms that trading is held within the upward path, so we continue to suggest that the price will target new positive stations that may currently start from 4500 and 4534, respectively.
The expect range trading for today it will be between resistance line 4500 and support line 4478
Additionally , today New York season will affect on the US stock index futures.
support line : 4478 , 4457
resistance line : 4500 , 4534
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
