SroshMayi

S&P 500 INDEX 4H (CPI toward bullish for indices)

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OANDA:SPX500USD   S&P 500-index
Hello traders...
SPX500USD forecast

The price reversed and was able to stabilize in the upward trend and continue towards 4650

Stabilizing above 4625 will support rising to get 4650
Otherwise, reversing and closing 4h candle under 4625 will do a correction till 4611 and then will push up again,

Today's Effect will be the CPI result, releasing as an expectations will support rising Indices, and all that remains is to attend to the decreasing rate for CPI

Pivot line: 4627
Resistance Prices: 4650 & 4673 & 4705
Support Prices: 4611 & 4590 & 4550

The movement range will be between 4611 and 4650

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