S&P 500 Weekly Analysis 21 March 2017
CHARTING
The crucial points are:
The price of S&P 500 index, in the last sessions is fluctuating within a tight range of 2360 level of support to 2380 level of resistance. However, it’s notable that the price has unsuccessfully attempted to appreciate higher than 2380 level of support, in Wednesday’s and Thursday’s sessions.
Charting outcome: Neutral – Marginally bullish
INDICATORS (computerized T.A)
The crucial points are:
The indicators are signaling that a weak downtrend has occurred, which is possible to become weaker. The moving averages have kept the same slopes, while both the negative and the positive dynamic have marginally fallen. The trend dynamic has fallen by -20.60%, whilst the market’s volatility has marginally fallen by -2.23%. Finally, the oscillators have passed into marginally overbought levels.
Indicators outcome: Neutral – Marginally bearish
CONCLUSION
Indicators and charting are agreeing that the market is likely to continue moving on a neutral path. If the price breaks lower than 2360 level, the next support is possible to be the 2340 level. On the contrary, if the price appreciates higher than 2380 level, the next resistance is possible to occur at the 2400.75 level.
Risk Disclosure
This forecast has just an informative meaning and cannot be treated as the guide to action, signal, recommendation or an offer to carry out certain trading operation. The experts of this blog express personal opinions and will not assume any responsibility whatsoever for the actions of the reader. We always aim for maximum accuracy, and RoarForex cannot be held responsible for inaccurate information or typos. Should you wish to participate in the FOREX market please be sure to contact the necessary professionals prior to starting to assess your personal financial situation.
For more information, please go to our website: www.roarforex.com
CHARTING
The crucial points are:
The price of S&P 500 index, in the last sessions is fluctuating within a tight range of 2360 level of support to 2380 level of resistance. However, it’s notable that the price has unsuccessfully attempted to appreciate higher than 2380 level of support, in Wednesday’s and Thursday’s sessions.
Charting outcome: Neutral – Marginally bullish
INDICATORS (computerized T.A)
The crucial points are:
The indicators are signaling that a weak downtrend has occurred, which is possible to become weaker. The moving averages have kept the same slopes, while both the negative and the positive dynamic have marginally fallen. The trend dynamic has fallen by -20.60%, whilst the market’s volatility has marginally fallen by -2.23%. Finally, the oscillators have passed into marginally overbought levels.
Indicators outcome: Neutral – Marginally bearish
CONCLUSION
Indicators and charting are agreeing that the market is likely to continue moving on a neutral path. If the price breaks lower than 2360 level, the next support is possible to be the 2340 level. On the contrary, if the price appreciates higher than 2380 level, the next resistance is possible to occur at the 2400.75 level.
Risk Disclosure
This forecast has just an informative meaning and cannot be treated as the guide to action, signal, recommendation or an offer to carry out certain trading operation. The experts of this blog express personal opinions and will not assume any responsibility whatsoever for the actions of the reader. We always aim for maximum accuracy, and RoarForex cannot be held responsible for inaccurate information or typos. Should you wish to participate in the FOREX market please be sure to contact the necessary professionals prior to starting to assess your personal financial situation.
For more information, please go to our website: www.roarforex.com