S&P 500, H4
Pivot: 4165.00
Analysis:
Provided that the index is traded above 4155.00, follow the recommendations below:
- Time frame: H4
- Recommendation: long position
- Entry point: 4165.00
- Take Profit 1: 4215.00
- Take Profit 2: 4250.00
Alternative scenario:
In case of breakdown of the level 4155.00, follow the recommendations below:
- Time frame: H4
- Recommendation: short position
- Entry point: 4155.00
- Take Profit 1: 4125.00
- Take Profit 2: 4050.00
Comment:
RSI indicates an uptrend during the day.
Key levels:
Resistance ---- Support
4300.00 ------- 4125.00
4250.00 ------- 4050.00
4215.00 ------- 4025.00
S&P 500, D1
Pivot: 4178.00
Analysis:
While the price is above 4115.00, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 4178.00
- Take Profit 1: 4270.00
- Take Profit 2: 4385.00
Alternative scenario:
If the level 4115.00 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 4115.00
- Take Profit 1: 4030.00
- Take Profit 2: 3950.00
Comment:
RSI is bullish and indicates further increase.
Key levels:
Resistance ---- Support
4450.00 ------- 4115.00
4385.00 ------- 4030.00
4270.00 ------- 3950.00
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