S&P500 - Possible Rise
#trading_idea #US500
#US500 - Key Moment
On the daily chart, it’s visible that the price is testing a key resistance level at 5360. The MA(100) is already slightly lower. Traders have bought the recent dip. A Bullish Engulfing candlestick pattern has formed. At the same time, the Stochastic indicator suggests a possible continuation of the asset’s upward movement.
🔼We might see a break of the 5360 key level, with a possible further rise to 5402 and 5449.
🔽Alternatively, the price may down back to test 5297 support.
😎 Hit "👍" if you believe the price will rise and "👎" if you foresee it dropping.
#US500 - Key Moment
On the daily chart, it’s visible that the price is testing a key resistance level at 5360. The MA(100) is already slightly lower. Traders have bought the recent dip. A Bullish Engulfing candlestick pattern has formed. At the same time, the Stochastic indicator suggests a possible continuation of the asset’s upward movement.
🔼We might see a break of the 5360 key level, with a possible further rise to 5402 and 5449.
🔽Alternatively, the price may down back to test 5297 support.
😎 Hit "👍" if you believe the price will rise and "👎" if you foresee it dropping.
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