SPx500 receives positive momentum
Hello everyone,
SPx500 6H NEW FORECAST
The index price began to receive additional positive momentum with the Stochastic indicator rushing again towards the 80 level, confirming the positive continuity previously suggested by its positioning at 4595.00. We expect the price to soon form new ascending waves to attack the recently achieved peak represented by the level of 4635.00, and if it is exceeded, this will open the door to reaching new stations that may begin. From 4660.00 and 4720.00 respectively.
We would like to point out again that the risk of postponing the upward attack lies in the price attempting to fall below the additional support centered at 4500.00, which has the effect of activating the downward corrective path, forcing it to incur some losses by being attracted towards 4475 and 4437 before achieving any new positive target.
The general trend expected for today: bullish
SPx500 6H NEW FORECAST
The index price began to receive additional positive momentum with the Stochastic indicator rushing again towards the 80 level, confirming the positive continuity previously suggested by its positioning at 4595.00. We expect the price to soon form new ascending waves to attack the recently achieved peak represented by the level of 4635.00, and if it is exceeded, this will open the door to reaching new stations that may begin. From 4660.00 and 4720.00 respectively.
We would like to point out again that the risk of postponing the upward attack lies in the price attempting to fall below the additional support centered at 4500.00, which has the effect of activating the downward corrective path, forcing it to incur some losses by being attracted towards 4475 and 4437 before achieving any new positive target.
The general trend expected for today: bullish
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