Logo-color Logo-white

S&P 500 index reversed from resistance level 4800 Likely to fall to support level 4600.00 S&P 500 index recently reversed down from the major long-term resistance level 4800.00 (which stopped the sharp weekly uptrend at the end of 2021). The resistance level 4800.00 was strengthened by the upper daily and weekly Bollinger Bands. Given the […]

The post S&P 500 Index Wave Analysis appeared first on Action Forex.

previous

Sunset Market Commentary

next

EURAUD Wave Analysis

Read More

02/09/2024

Oil Prices Abruptly Tumbled Below $80 per Barrel (Brent)

Markets European inflation figures and US PCE, spending & income data basically played second fiddle on Friday, triggering barely more than some intraday volatility in yields. Technical elements were at least as much of a driver. Support around the August lows waq tested earlier last week. Their survival preluded a countermove higher, be it within […]
21/08/2024

Bitcoins (BTC/USD) Steady Range: Mt Gox Impact and Future Outlook

Bitcoin prices are currently range-bound, the range between 56,561 and 61,750 is keeping both buyers and sellers cautious. Mt. Gox moved 13,265 Bitcoins totaling and estimated $780 million. The first major move by the bankrupt exchange since July 30. According to research by investment firm River, 60% of the largest hedge funds in the U.S. […]
27/03/2024

NIKKEI-225 Analysis Indicates Possibility of Correction from Historically High Levels

On March 21, the value of the Japanese stock index reached a historical maximum, exceeding the level of 41,100 points. This was facilitated by: → Weak yen supporting exporters. It increases the value of profits earned abroad for a large number of companies that sell their products abroad and then convert the profits into yen. […]