S&P 500, H4
Pivot: 4175.00
Analysis:
Provided that the index is traded above 4120.00, follow the recommendations below:
- Time frame: H4
- Recommendation: long position
- Entry point: 4175.00
- Take Profit 1: 4220.00
- Take Profit 2: 4270.00
Alternative scenario:
In case of breakdown of the level 4120.00, follow the recommendations below:
- Time frame: H4
- Recommendation: short position
- Entry point: 4120.00
- Take Profit 1: 4070.00
- Take Profit 2: 3970.00
Comment:
RSI indicates an uptrend during the day.
Key levels:
Resistance --- Support
4300.00 ------- 4120.00
4270.00 ------- 4070.00
4220.00 ------- 3970.00
S&P 500, D1
Pivot: 4185.00
Analysis:
While the price is above 4030.00, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 4185.00
- Take Profit 1: 4270.00
- Take Profit 2: 4385.00
Alternative scenario:
If the level 4030.00 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 4030.00
- Take Profit 1: 3950.00
- Take Profit 2: 3855.00
Comment:
RSI is bullish and indicates further increase.
Key levels:
Resistance --- Support
4450.00 ------- 4030.00
4385.00 ------- 3950.00
4270.00 ------- 3855.00
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