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S&P 500 – market prognosis for calendar week 32/2015

Weekly chart:

At the beginning of the week it still looked like the index would continue to slip downhill. Then, however, the price recovered, meaning that the chances are tending slightly towards the upper side once more.

Chart1

Daily chart:

In the general economic situation, the index can currently be regarded as trendless. The downtrend was broken at 2121 points, but in order to establish the new uptrend, a new point two above 2127 points is required. It should be seen as positive, however, that we were able to overcome the two 20 LPs from the day and week. The way to the top now seems to be free once again. Nonetheless, caution is still advised.

Chart2

Hourly chart:

In this trend size, we can see a young upwards trend that is currently located in the upper region of its last correction zone. If the S&P can stabilize here, the chances for a new upwards movement will increase.

Chart3

I hope you will remain favorably disposed towards me and always remember: the journey is the reward!

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, 31 Jul, 2015 / 4:53

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