A swift evaluation is conducted based on a single day without look back.
SPX is currently in a bear trend.
Prices are trading in a range of approximately 124.68 points/ticks/pips per trade period.
Price strength is suggesting a possible follow on range of 3221.41 - 3375.51.
Prices are consolidating between 3209.45 - 3428.92.
If strength and trend continue, SPX is trying to reach 3377.58.
It could take between 1 to 2 trade periods to reach the projection.
Suggested stops in a Bearish environment.
Last Price + (ATR * 1.5): 3485.48
The trend moving average: 3298.46
SAR: 3582.2
------Additional Comments:
Standard Deviation for following week: 3121.10 -3475.82
Forecasted Range for following week: 3268.80 - 3424.10 (Targeted Mean = 3346.45 )
SPX is currently in a bear trend.
Prices are trading in a range of approximately 124.68 points/ticks/pips per trade period.
Price strength is suggesting a possible follow on range of 3221.41 - 3375.51.
Prices are consolidating between 3209.45 - 3428.92.
If strength and trend continue, SPX is trying to reach 3377.58.
It could take between 1 to 2 trade periods to reach the projection.
Suggested stops in a Bearish environment.
Last Price + (ATR * 1.5): 3485.48
The trend moving average: 3298.46
SAR: 3582.2
------Additional Comments:
Standard Deviation for following week: 3121.10 -3475.82
Forecasted Range for following week: 3268.80 - 3424.10 (Targeted Mean = 3346.45 )