SPX - The first to shows up Bull signal
Comment :
1) SPX has fallen since it false breakout (FBO) in mid-Aug. SPX, the first to have Bull signal among US major indices, finally shows up Bull signal on last Friday (14-Oct), indicating a short-term rebound. Short-term supporting price is lowest of 14-Oct that is 3579.68, this point must not be broke else the rebound will be ended.
2) TrendX+ indicator - candleestick moving below red trendline, mid-term downtrend underway.
3) DDX+ indicator - Bull signal shows up, looking forward a short-term long position.
4) MCDX+ indicator - weak, a little of banker bar (red), while retailer bar (turquoise) has occupy more than 50%.
Support & Resistance :
S : 3579.68 +/-
DISCLAIMER :
Analysis above SOLELY for case study purpose, not a PROFESSIONAL ADVISE. This analysis does not provide any trading advise and buy or sell. Trade at your own risk. Trade only after you have acknowledged and accepted the risks involved.
1) SPX has fallen since it false breakout (FBO) in mid-Aug. SPX, the first to have Bull signal among US major indices, finally shows up Bull signal on last Friday (14-Oct), indicating a short-term rebound. Short-term supporting price is lowest of 14-Oct that is 3579.68, this point must not be broke else the rebound will be ended.
2) TrendX+ indicator - candleestick moving below red trendline, mid-term downtrend underway.
3) DDX+ indicator - Bull signal shows up, looking forward a short-term long position.
4) MCDX+ indicator - weak, a little of banker bar (red), while retailer bar (turquoise) has occupy more than 50%.
Support & Resistance :
S : 3579.68 +/-
DISCLAIMER :
Analysis above SOLELY for case study purpose, not a PROFESSIONAL ADVISE. This analysis does not provide any trading advise and buy or sell. Trade at your own risk. Trade only after you have acknowledged and accepted the risks involved.
Uwaga
Further update on SPX.Uwaga
Update on SPX3rd Bear is out, make it today's highest 3958 as resistance.
Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.
Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.