SPx500 price achieves breakout
Hello everyone,
SPx500 4H NEW FORECAST
The index price ended trading on Friday by achieving a breach of the 23.6% Fibonacci retracement level centered at 5120, thus announcing its restoration of the upward bias to begin forming some upward waves by touching the level of 5146.00.
We expect trading to hold above the 55 moving average axis and with the Stochastic indicator continuing to present positive momentum, the price forming a strong upward impulse to achieve significant gains that may now start from 5163 and 5193, respectively.
SPx500 4H NEW FORECAST
The index price ended trading on Friday by achieving a breach of the 23.6% Fibonacci retracement level centered at 5120, thus announcing its restoration of the upward bias to begin forming some upward waves by touching the level of 5146.00.
We expect trading to hold above the 55 moving average axis and with the Stochastic indicator continuing to present positive momentum, the price forming a strong upward impulse to achieve significant gains that may now start from 5163 and 5193, respectively.
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