SPX500 is moving towards the resistance line of a Channel Down which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If SPX500 continues in its current trajectory, we can expect it to reach 2982.2500 within the next 7 hours.
ARTÍCULOS RELACIONADOS
Because CAC 40 formed a Triangle pattern, we expect it to touch the resistance line. If it breaks through resistance it may move much higher
CAC 40 is approaching the resistance line of a Triangle. It has touched this line numerous times in…
Breach of 6008.0898 could mean a start of a bullish trend on US 500
US 500 has broken through 6008.0898 which it has tested numerous times in the past. We have seen…
Is the extremely large movement on FTSE 100 a sign of things to come?
Those of you that are trend followers are probably eagerly watching FTSE 100 to see if its latest…