Trading news

S&P 500 – market prognosis for calendar week 36/2015

Weekly chart:

The index lost the battle with the upward trend, and in this week it broke through the last point three at 1970 points. At the same time, the 20 LP was also broken through in a downwards motion, triggering a clear sell signal. In the meantime, the price has recovered significantly once more and can now develop a clear reversal. For long chances, however, it is still too early.

Chart1

Daily chart:

By now, the price has clearly been able to recover, but is currently stuck at the 20 LP from the monthly chart. It remains to be seen whether the correction is already over. A continuation of the downward trend should also clearly be taken into account.

Chart2

Hourly chart:

The current correction lead to a new uptrend being able to develop in the hourly chart. This itself is, in turn, also in a small correction and is fighting the 20 LP from the monthly chart. As soon as this is overcome, it could briefly go even further upwards. However, one should keep in mind that it is only a correction in the larger time period.

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

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Friday, 28 Aug, 2015 / 5:05

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