Success history of the team headed by Ales Loprais can become your success history! Trade confidently and head towards leadership like regular participant of Dakar Rally and winner of Silk Way Rally InstaForex Loprais Team does it!
Join in and win with InstaForex!
If we look at the 4-hour chart of the S&P 500 index, it can be seen that this index is moving in a weakening downward condition, which is confirmed by its current price movement moving harmoniously in the bearish Pitchfork channel which has a decreasing slope and its price movement is below the MA (200) which has a decreasing slope downwards, especially with the appearance of Double Top in the CCI (30) indicator, while its price movement actually forms a Higher-Low convergence, then confirmation in the near future that #SPX will experience a weakening even though there is a potential for a strengthening retracement as long as it does not break through and close above the 6010.29 level, then SPX has the potential to weaken again and will test the 5868.29 level as its main target and if the momentum of the weakening and its volatility support it, then #SPX will head to 5800.71 and/or the middle level of its Pitchfork channel.
(Disclaimer)
You have already liked this post today
*Disclaimer: The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
In case gold consolidates below 2,765, the outlook could be negative and we could expect the price to reach 2,740. Gold could even reach 2,736. Eventually, any technical bounce will
Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.
If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.
Why does your IP address show your location as the USA?
Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.
We are sorry for any inconvenience caused by this message.