smart4trader

Fall of S&P500?

FX:SPX500   S&P 500 Index
Market Review on September 27, 2019

#SP500

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This week was marked by the publication of the data Thursday for the second quarter of the annual US GDP growth rate and the rates declined from 2.7% to 2.3%, which caused a decrease in SP500 index by 0.8%.

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However, this is not the end of the fall of the annual rate of US GDP growth. According to the indicator predicts United States ISM Purchasing Managers Index (PMI) in comparison with the United States GDP Annual Growth Rate is clearly evident that the way to reduce the still current and the next release of the GDP data.

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Also according to the exchanges NYSE, NASDAQ and AMEX, and analysis through zones volatility path for reducing the index opened fully.

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Cumulative Delta futures indices DowJones 30, SP500, NASDAQ 100, shows a declining trend, which confirms the intentions of the participants to the SHORT position.

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Recommendation on 27 September 2019 will be the opening SHORT position of resistance levels, as well as after the opening of the US stock market to agree on the sale of the changes indicator Stock Exchange Delta Volume, whose performance can be viewed on-line chart
www.tradingview.com/chart/Li1RteoR/

support and resistance zones

Monthly volatility resistance - 3014
Weekly volatility resistance - 3027
Daily volatility resistance - 2990

Daily volatility support - 2958
Weekly volatility support - 2939
Monthly volatility support - 2833

Disclaimer

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