Trading news

S&P 500 – market prognosis for 10.07.2015

Big picture: the S&P 500 seems to be stabilizing this week.

Chart1

Daily chart:

The S&P 500 remains in down mode in the short term. However, it is showing signs of correcting, and is within the red correction zone. This is, however, quite large and does not end until 2121 points (point three). The 20 location point line from the weekly chart is passing through the middle of the correction zone, which may pose a first obstacle on the further way to the top. But if it comes to a further relaxation in the poker game with Greece, for the moment, the correction could continue on.

Chart2

Hourly chart:

The short-term trading in the hourly chart is not really simply up-to-date. As can be seen in the image, the trends are constantly alternating. Due to the correction beginning in the general economic situation, an uptrend is appearing here. However, this still has the 20 location point line from the day and the week ahead of it, which could bring a halt to a continued uptrend for the time being. The experienced trader will wait on the sidelines for now.

Chart3

All the best,

Markus Gabel

Head of Sales/Trading

AgenaTrader/TradeEscort

AgenaTrader Trading Software

IMPORTANT NOTE: Exchange transactions are associated with significant risks. Those who trade on the financial and commodity markets must familiarize themselves with these risks. Possible analyses, techniques and methods presented here are not an invitation to trade on the financial and commodity markets. They serve only for illustration, further education, and information purposes, and do not constitute investment advice or personal recommendations in any way. They are intended only to facilitate the customer's investment decision, and do not replace the advice of an investor or specific investment advice. The customer trades completely at his or her own risk. Please refer to the current version of the Terms and Conditions.

Friday, 10 Jul, 2015 / 9:37

Note: Company News is a promotional service of the Directory and the content isn't created by Finance Magnates.

Source :

Trading news

 

Intraday Market Analysis – Recovery Momentum

EURUSD breaks above key resistance eurusd The euro recoups last month’s [...]

Posted on Tuesday, 20 Apr, 2021 / 1:00 under

What To Expect Out Of Bank Of Canada Interest Rate Decision

There is an increasing consensus that we will get some action out of the BOC [...]

Posted on Tuesday, 20 Apr, 2021 / 12:54 under

COCA-COLA REPORTS SPARKLING Q1 RESULTS

Coca-Cola reported quarterly sales growth for the first time after four [...]

Posted on Tuesday, 20 Apr, 2021 / 10:04 under