MG Network

something big isHappening!

In the mean time you can connect with us with via:

Copyright © Money Grows Network | Theme By Gooyaabi Templates

Money Grows Network

Archive

Powered by Blogger.

Welcome To Money Grows Network

Verified By

2006 - 2019 © www.moneygrows.net

Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

Popular

Pages

Expert In

Name*


Message*

Daily analysis of SP 500 (#SPX) for December 28, 2015

The SP 500 is currently being rejected by the price actions around the level of 2069.1, where the sellers are highly active. A decline towards the 200 SMA is expected in case that bearish scenario happens, so the index could do another fall until the support level of 2045.5 in a mid-term basis, which is below the 200 SMA in the H1 chart. The RSI indicator is in the positive territory.

SPXH1.png

H1 chart's resistance levels: 2069.1 / 2073.9

H1 chart's support levels: 2059.7 / 2054.9

Trading recommendations for today: Based on the H1 chart, place sell (short) orders only if the SP 500 breaks a bearish candlestick; the support level is at 2059.7, take profit is at 2054.9, and stop loss is at 2063.9.

The material has been provided by InstaForex Company - www.instaforex.com