SPX500 has broken through a line of 3297.5000 and suggests a possible movement to 3345.1250 within the next 4 days. It has tested this line numerous times in the past, so one should probably wait for a confirmation of this breakout before placing a trade. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 23 days.
Related Posts
Important price line breached by Nikkei 225. This price has been tested numerous times before.
Nikkei 225 has broken through a resistance line. Because we have seen it retrace from this price in…
Because DAX 40 formed a Rising Wedge pattern, we expect it to touch the resistance line. If it breaks through resistance it may move much higher
Emerging Rising Wedge pattern in its final wave was identified on the DAX 40 1 hour chart. After…
FTSE 100 seems to be on its way to resistance – a possible opportunity?
FTSE 100 is heading towards a line of 8697.3496. If this movement continues, the price of FTSE 100…