S&P 500, H4
Pivot: 4128.00
Analysis:
Provided that the index is traded above 4100.00, follow the recommendations below:
- Time frame: H4
- Recommendation: long position
- Entry point: 4128.00
- Take Profit 1: 4140.00
- Take Profit 2: 4170.00
Alternative scenario:
In case of breakdown of the level 4100.00, follow the recommendations below:
- Time frame: H4
- Recommendation: short position
- Entry point: 4100.00
- Take Profit 1: 4065.00
- Take Profit 2: 4035.00
Comment:
RSI indicates an uptrend during the day.
Key levels:
Resistance - Support
4300.00 ----- 4100.00
4170.00 ----- 4065.00
4140.00 ----- 4035.00
S&P 500, D1
Pivot: 4128.00
Analysis:
While the price is above 3980.00, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 4128.00
- Take Profit 1: 4160.00
- Take Profit 2: 4270.00
Alternative scenario:
If the level 3980.00 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 3980.00
- Take Profit 1: 3855.00
- Take Profit 2: 3725.00
Comment:
RSI is bullish and indicates further increase.
Key levels:
Resistance - Support
4450.00 ----- 3980.00
4270.00 ----- 3855.00
4160.00 ----- 3725.00
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