SPx500 affected by conflicting indicator
Hello everyone,
SPx500 6H NEW FORECAST
The index price returned to provide bearish corrective trades after touching the 4600 level, to be affected by the conflict of the main indicators, specifically with the Stochastic indicator falling again below the 80 level, which conflicts with the general stability within the upward path.
The price may currently continue to present mixed trades. Still, repeated resistance above the additional support represented by the 4500.00 level constitutes an essential factor to stimulate upward attempts shortly, which may initially target the 4635 and 4660 levels.
The general trend expected for today: fluctuating within the upward path
SPx500 6H NEW FORECAST
The index price returned to provide bearish corrective trades after touching the 4600 level, to be affected by the conflict of the main indicators, specifically with the Stochastic indicator falling again below the 80 level, which conflicts with the general stability within the upward path.
The price may currently continue to present mixed trades. Still, repeated resistance above the additional support represented by the 4500.00 level constitutes an essential factor to stimulate upward attempts shortly, which may initially target the 4635 and 4660 levels.
The general trend expected for today: fluctuating within the upward path
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