country flagالعربية

SP 500 Daily Technical Analysis | 30 January 2018

2018-01-30 12:19 am | Resource: Technical Analysis | No Views : 223

Time frame Used - four hours
The S & P 500 is moving in a bullish direction in the near term
The purchasing power managed to control the movement of the S & P 500 index from breaking the level of 2824 up to reach the level of 2882 to face resistance and selling pressure to retreat to the level of 2851 trying to
consolidate  above this level
 And looking at  the technical indicators
Both the RSI and the Stochastic are indicating signs of recovery
  Therefore, we expect the S & P 500 to return to the level of 2882

The alternative scenario is to drop the index to 2824
Resistance: 2882 - 2967
Support: 2851 - 2824
Direction: Up

Technical Analysis
Stocks and indices Analysis

Other news

European shares open lower as traders focus on Brexit

Stocks in Europe's main stock markets opened lower on Monday amid uncertainty over Brexit. Irish Foreign Minister Simon Coffini has warned of "difficult issues" to be resolved before an agreement on a UK withdrawal from the European Union can be reached. On the data, Eurostat was set on a report on the industrial production of the block later in the day. Germany allows Huawei 5G network technology from China In…

More news

Best trading brokers

All Rights Reserved
Risk Disclaimer: Trading in foreign exchange market (Forex) includes the risks and the possibility of loss. That is why we are keen on providing the highest quality news and analysis concerning the different markets traded. The opinions expressed in the site indicate the opinion of the author only and not the views of the administration or the public, knowing that errors could be encountered and there is a possibility to commit them. Before starting to trade you should carefully consider your investment objectives, and review the level of experience and risk appetite. In some cases, possible high leverage can lead to loss of funds invested, so you can not invest money that you can not handle its possible loss. You should be aware of all the risks associated with foreign exchange trading and seek for advices from an independent financial advisor if you have any does not assume any responsibility after the occurrence of financial loss to the dealer and the user carries full responsibility for the losses resulting from the use of news, analysis and data on the site.