S&P 500, H4
Pivot: 4149.00
Analysis:
Provided that the index is traded below 4178.00, follow the recommendations below:
- Time frame: H4
- Recommendation: short position
- Entry point: 4149.00
- Take Profit 1: 4118.00
- Take Profit 2: 4090.00
Alternative scenario:
In case of breakout of the level 4178.00, follow the recommendations below:
- Time frame: H4
- Recommendation: long position
- Entry point: 4178.00
- Take Profit 1: 4219.00
- Take Profit 2: 4250.00
Comment:
RSI indicates a downtrend during the day.
Key levels:
Resistance -- Support
4250.00 ------ 4118.00
4219.00 ------ 4090.00
4178.00 ------ 4020.00
S&P 500, D1
Pivot: 4155.00
Analysis:
While the price is above 4020.00, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 4155.00
- Take Profit 1: 4270.00
- Take Profit 2: 4385.00
Alternative scenario:
If the level 4020.00 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 4020.00
- Take Profit 1: 3950.00
- Take Profit 2: 3855.00
Comment:
RSI is bullish and indicates further increase.
Key levels:
Resistance -- Support
4450.00 ------ 4020.00
4385.00 ------ 3950.00
4270.00 ------ 3855.00
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