Hi Traders!
There is bullish momentum on the SPX as the market has been at its highest level in ten weeks.
Price Action 📊
After the previous resistance break above 4393.57, the market gapped to the upside to start the trading week, and the bullish momentum has continued. We are looking for further bullish momentum to target September's high at 4541.25.
Fundamental Analysis 📰
US Indices have been rallying lately due to the weaker than expected figures coming out of the US lately. Traders are increasingly worried about the USD, so stocks and indices are on the rise.
Support 📉
4393.57: PREVIOUS RESISTANCE
Resistance 📈
4541.25: 10 WEEK HIGH
Risk ⚠️
No more than 2% of your capital.
Reward 💰
At least 4% of your capital.
Please make sure to click on the like/boost button 🚀 as your support greatly helps.
Trade safely and responsibly.
BluetonaFX
There is bullish momentum on the SPX as the market has been at its highest level in ten weeks.
Price Action 📊
After the previous resistance break above 4393.57, the market gapped to the upside to start the trading week, and the bullish momentum has continued. We are looking for further bullish momentum to target September's high at 4541.25.
Fundamental Analysis 📰
US Indices have been rallying lately due to the weaker than expected figures coming out of the US lately. Traders are increasingly worried about the USD, so stocks and indices are on the rise.
Support 📉
4393.57: PREVIOUS RESISTANCE
Resistance 📈
4541.25: 10 WEEK HIGH
Risk ⚠️
No more than 2% of your capital.
Reward 💰
At least 4% of your capital.
Please make sure to click on the like/boost button 🚀 as your support greatly helps.
Trade safely and responsibly.
BluetonaFX
Trade closed: target reached:
10 Week High Broken
