SPX500USD Support could prove difficult to breakdown.

SPX500USD - Intraday - We look to Buy at 4086 (stop at 4060)

Preferred trade is to buy on dips. There is scope for mild selling at the open but losses should be limited. Bespoke support is located at 4090. Support could prove difficult to breakdown. Further upside is expected although we prefer to set longs at our bespoke support levels at 4090, resulting in improved risk/reward.

Our profit targets will be 4163 and 4320

Resistance: 4167 / 4500 / 4800
Support: 4090 / 3800 / 3400


Risk Disclaimer

The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.

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Chart PatternsTechnical Indicatorssandpsandp500indexS&P 500 (SPX500)US SPX 500Trend Analysisus500

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