Theasian garlic ginger and chile seasoning recipe S&P 500
initially fell after very soft Chinese economic numbers early in the day, but we have turned around of form a bit of a hammer midday as it looks like the 2500 level is going to offer support. However, the 20 day EMA is above and sloping lower, perhaps showing signs of resistance. If we can break above there, the market probably goes to the 2600 level, which was previous support, and should now be resistance. Although the market looks a bit constructive at the moment, I think that it is only a matter of time before the sellers come back based upon the significant negativity out there based upon global growth, or perhaps a potential lack of.
S&P 500 Video 03.01.19
If we can break above the 2600 level, the market could very well go to the 2700 level after that. We need some type of bullish momentum though, not just a bounce that we have had so far. I think at this point, it’s likely that this bounce is probably due to traders positioning and buying their stocks for the new year. Ultimately, the major problems that are out there having gone anywhere, so I think you will get an opportunity to short this market from a higher level. If you are patient enough it should present itself in the form of an exhaustive daily candle. If we somehow break above the 2700 level, then I would say the move lower is all but over.
This
article
was originally posted on FX Empire
More From FXEMPIRE:
2019 Gets Off To A Sour Start, Manufacturing Activity Slows, More Tariffs May Be Needed
Silver Price Forecast – Silver markets continue to grind higher
S&P 500 Price Forecast – stock markets find support after initial negativity
EUR/USD Mid-Session Technical Analysis for January 2, 2019
GBP/USD Price Forecast – British pound breaks down to kick off year
Will 2019 be the Year where Investors Sell Everything?
View comments
顶: 488踩: 759
【asian garlic ginger and chile seasoning recipe】S&P 500 Price Forecast – stock markets find support after initial negativity
人参与 | 时间:2024-09-29 12:31:26
相关文章
- Is AquaBounty Technologies (NASDAQ:AQB) Using Too Much Debt?
- BRIEF-Schroders Wealth Management Announces Acquisition Of Thirdrock Group
- Should You Be Worried About ESI Group SA's (EPA:ESI) 4.1% Return On Equity?
- Golden Globes’ Most Under-Dressed Stars, From Jason Sudeikis to Jodie Foster
- AUD/USD Forecast: Bottomed At 0.6038, At Risk Of Losing The 0.6000 Level
- Is Ador Welding Limited’s (NSE:ADORWELD) Balance Sheet A Threat To Its Future?
- BRIEF-Shenzhen TXD Technology's Hong Kong Unit And India's Vsun Mobile Plan Indian JV
- Taiga Optionee Reports 2018 Q4 Drill Results from Fisher Gold Project, Northern Saskatchewan
- 3 Reasons Growth Investors Will Love Charles River (CRL)
- Big Bang Theory’ Jim Parsons Believes ‘Warm’ Kaley Cuoco Will Be An ‘Incredible’ Mom
评论专区