SPX500 | Short
The market continues to move by the lower limits of the channels which is the support line for the price.
For the second day, bears can not go below this line.
Today, if we see a shift away from the level of 3003 and the price growth, it will mean that the blue channel continues to influence the price movement. In this case, increase in the direction of the resistance level of 3053, which is located on the upper wall of the green channel, is possible.
If we see the support failure to the level of 3003, the bears will get access to the lower limit of the green channel and the support level of 2938.
For the second day, bears can not go below this line.
Today, if we see a shift away from the level of 3003 and the price growth, it will mean that the blue channel continues to influence the price movement. In this case, increase in the direction of the resistance level of 3053, which is located on the upper wall of the green channel, is possible.
If we see the support failure to the level of 3003, the bears will get access to the lower limit of the green channel and the support level of 2938.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.