Forex_Times

📝 S&P500: weekly forecast for September 13 - 17.

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Forex_Times Uppdaterad   
CURRENCYCOM:US500   US 500
New US Commodity Futures Trading Commission reports overall market volume up 2%.
📌 According to the current CoT reports, the buying bias has decreased by 6%, indicating a likely continuation of the decline during the new trading week.
A 2% increase in investors' locked positions suggests a unidirectional move within the trading week.
In case of an additional test of the week balance (4485.0), we expect an impulsive decline towards the $2bn 161m upside option position gain (4440.0).
💡 On a breakdown and consolidation below the 4440.0 price level, we expect a subsequent decline to the option level of $1bn 550m upside positions at the price level (4400.0).
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Handel aktiv:
💎 S&P500: waiting for the balance of the day test. Key resistance for Monday 13 September is the limit seller (4521.1).
⚙ The main scenario is a successful test of the mentioned resistance and the subsequent decline to the option balance of the week (4460.0).
In case of a breakdown and fixation below the 4460.0 price level, the subsequent support for today will be the limit buyer (4419.3).
Handel aktiv:
⚠ S&P500: unwinding the balance of the week? ✍ The key resistance for today is the current seller's limit level (4517.3).
♻ In case of formation of a sell pattern near the price level of 4517.3 we expect subsequent decline till the currency market close, with the target landmark being the balance of the week (4470.0).
In case of breakdown and fixation below the balance of the week (4470.0) we expect a further decline to the limit buy (4431.0).
Handel aktiv:
⚠ S&P500: decline continues? The nearest resistance for today is the limit seller (4500.1).
Close hedger resistance zone premium level (4513.3) further strengthens it.
💠 In case of successful test of the mentioned option resistance, we expect formation of sell pattern with targets: balance of the week (4470.0) and limit buyer (4415.0).
Handel aktiv:
📝 S&P500: balance of the week dynamically declining. 💡 Marketmaker's weekly balance is dynamically declining. So over the past 24 hours, the indicated option level has risen from 4470.0 to 4465.0.
The nearest resistance for today is the limit seller (4513.4).
📌 On rebound from limit seller (4513.4) we expect a decline to limit buyer (4448.9).
Handel aktiv:
👍 S&P500: asset near balance before expiry. 📝 The nearest support for today is the limit buyer (4445.7).
📌 If this support is reached, we expect formation of a buy pattern and subsequent upside with target: balance of the week (4465.0).
The ultimate upside target before the close of the trading week is the sellers' limit level (4508.6).
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