Trading news

S&P 500 – market prognosis for calendar week 35/2015

Weekly chart:

The index is still in a valid uptrend, but is, however, currently diving very deep into its correction zone. This zone goes all the way up to 1973 points, whereby at approx. 1980 points, the 20 LP from the monthly chart passes through. This prominent line will most likely draw the price even closer to it, but then also attract enough buyers back into the market once more.

Chart1

Daily chart:

Currently, in this trend size, a stable downtrend that is far into the movement has arisen. Here, too, the 20 LP from the monthly chart will probably provide an initial target. But a return to the red correction zone must always be taken into account.

Chart2

Hourly chart:

The downtrend in the hourly chart is already very mature here and is once again in a beginning movement. Despite the maturity, a run-up to the 20 LP from the monthly chart must be reckoned with.

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, 21 Aug, 2015 / 2:12

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