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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