S&P 500, H4

Pivot: 4080.00

Analysis:

Provided that the index is traded above 4035.00, follow the recommendations below:

• Time frame: H4
• Recommendation: long position
• Entry point: 4080.00
• Take Profit 1: 4100.00
• Take Profit 2: 4125.00

Alternative scenario: 

In case of breakdown of the level 4035.00, follow the recommendations below:

• Time frame: H4
• Recommendation: short position
• Entry point: 4035.00 
• Take Profit 1: 3995.00
• Take Profit 2: 3954.00

Comment:

RSI indicates an uptrend during the day.

Key levels:

Resistance -- Support

4300.00 ----- 4035.00

4125.00 ----- 3995.00

4100.00 ----- 3954.00

S&P 500, D1

Pivot: 4073.00

Analysis:

While the price is above 3940.00, follow the recommendations below:

• Time frame: D1
• Recommendation: long position
• Entry point: 4073.00
• Take Profit 1: 4270.00
• Take Profit 2: 4450.00

Alternative scenario:

If the level 3940.00 is broken-down, follow the recommendations below:

• Time frame: D1
• Recommendation: short position
• Entry point: 3940.00
• Take Profit 1: 3855.00
• Take Profit 2: 3725.00

Comment:

RSI is bullish and indicates further increase.

Key levels:

Resistance -- Support

4600.00 ----- 3940.00

4450.00 ----- 3855.00

4270.00 ----- 3725.00

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