US500 Intraweek Technical Analysis:
after rejection from 3925 the SP500 found some support at 3790. The US500 reversed from 3890 and after testing the support of 3700 twice the US500 gave a weekly closure at 3763. The US500 is expected to test the resistance of 3900 in coming week. 3800 is the key resistance for tomorrow where we can see some rejection. My idea for coming week is to enter long on support of 3700 and profit taking at 3800 and 3900. The key resistances and supports for coming week are 3900 and 3700.
there is also a moving average crossover on 4Hr time frame at 38% fib level.
If you like this or if you think the opposite of this or if there is any other opinion, mention it in the comments. I am open to all kind of suggestions and critics.
after rejection from 3925 the SP500 found some support at 3790. The US500 reversed from 3890 and after testing the support of 3700 twice the US500 gave a weekly closure at 3763. The US500 is expected to test the resistance of 3900 in coming week. 3800 is the key resistance for tomorrow where we can see some rejection. My idea for coming week is to enter long on support of 3700 and profit taking at 3800 and 3900. The key resistances and supports for coming week are 3900 and 3700.
there is also a moving average crossover on 4Hr time frame at 38% fib level.
If you like this or if you think the opposite of this or if there is any other opinion, mention it in the comments. I am open to all kind of suggestions and critics.