FXEMPIRE
All
Ad
Corona Virus
Stay Safe, FollowGuidance
World
18,258,448Confirmed
693,395Deaths
11,460,069Recovered
Fetching Location Data…
Advertisement
Advertisement
Nenad Kerkez

Dear Traders,

The SPX500 is in a strong uptrend. Record highs on the Equity have made short traders close their positions. It could change today.

3115-20 is the zone where we might see selling. OB (overbought) pink dot is signaling the price is indeed overbought, a rejection off the W H3 camarilla with a bearish engulfer cue for the downmove. The first target is 3104. If the price breaks below the trend line (3100) we should see a continuation down to 3092, 3072 and 3050. The time for a retracement has come.

The analysis has been done with the CAMMACD.MTF template.

For more daily technical and wave analysis and updates, sign-up up to our ecs.LIVE channel.

Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

Advertisement
Don't miss a thing!
Discover what's moving the markets. Sign up for a daily update delivered to your inbox

Latest Articles

See All

Expand Your Knowledge

See All

Trade With A Regulated Broker

  • Your capital is at risk