Join The Community

Search

Friday, 13 January 2017

S&P500 Daily Analysis









General overview for 13/01/2017:

After determining the peak of the third wave at the level of 2278 points, the index of wide market SP500 is currently in a correction cycle. The first target level, ie local support for 2180 has already been tested, but further declines towards next support level at 2212 points are not excluded. Only a sudden, impulsive upside breakout in the direction of 2280 overrides the currently preferred scenario of a downward correction.

Support/Resistance:
2278 - Intraday Resistance
2279 - ATH
2259 - Weekly Pivot
2211 - Intraday Support
2180 - Intraday Support
2027 - Technical Support

Trading recommendations:
Upside seems to be limited as the top of the wave 3 is in place now. Corrective cycle ahead*.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.


★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★ 

My blog www.elliottfxtrader.com is taking part in Blog of the Year 2016 contest organized by FxCuffs Expo. If You like my analysis, then please vote for me!
How to vote:
1. Click on this link: http://konkurs.fxcuffs.pl/blog-roku/?kan=Blog%20Sebastiana%20SELIGI
2. First blank field: NAME and SURNAME (required)
3. Second blank field: TELEPHONE NUMBER ( not required)
4. Third blank field: E-MAIL ADRESS (required)
5. Click on Privacy Policy(check) field at the bottom.
6. Then click on Wyslij button and You are done!
Thank You Very Much! 
PS: Close AdBlock!
★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★


0 comments:

Post a Comment

Note: only a member of this blog may post a comment.

 
Don't Forget To Join US Our Community
×
Widget