Forex_Times

πŸ’‘ S&P500: analytical review for October 4-8.

Long
CURRENCYCOM:US500   US 500
πŸ“Œ Large participants stealthily gained buy positions, increasing the bulls' net outperformance by 2%.
A 13% increase in locked-in investor positions hints at the probability of asset price movement in the price channel during the new trading week.
πŸ“ The main scenario for next week is a retest of the market maker's loss (4228.2) and a subsequent rise to the balance of the week (4375.8).
In case of breakdown and fixation above the option price level at 4375.7, we expect continuation of long term growth with medium term target,- market maker loss (4511.2).
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Trade active:
🎯 S&P500: looking for bargain buying opportunities. ⭐️ The closest support for today is a limit buy (4287.5).
In case of a successful test of the said support, we expect a rise with the nearest target before the close of the day,- the balance of the week (4375.0).
In case of breakdown and fixation below the limit buyer (4287.5), we expect decrease to the medium-term support,- market maker loss level (4229.1).
Trade active:
πŸ”Ή S&P500: unwinding the balance of the week. Closest support for today is a limit buyer (4279.4).
πŸ’° On a successful test of 4279.4, limit seller (4347.9) will be the subsequent upside target.
πŸ’¬ In case of breakdown and fixation above limit seller (4347.9) we expect upside with nearest target,- hedge resistance zone (4425.0).
Trade active:
⭐️ S&P500: investors have supported the market. πŸ’¬ The nearest support for today is the limit buyer (4350.8).
🎯 The main scenario for Thursday, October 7, is a test of the limit buyer option level at 4350.8 and the subsequent reaching the price level of 4396.6.
In case of breakdown and fixation above the limit seller level (4396.6), we expect a medium-term rise to the market maker loss level (4445.1)
Trade active:
πŸ“Š S&P500: have consolidated above the balance of the week. The nearest support for today is a limit buyer (4382.3).
βš™οΈ In case of a successful test of the level of most bullish speculative interest intraday (4382.3) we expect a rise with the target,- limit seller (4414.3).
πŸ”Ή On breakdown and fixation above the limit seller level (4414.3) we expect further rise with target,- market maker loss level (4445.1).
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