26.09.202407:04 Forex Analysis & Reviews: Technical Analysis of Intraday Price Movement of S&P 500 Index, Thursday September 26, 2024.

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

On the daily chart, the S&P 500 index appears to be moving harmoniously within a channel that is diving upwards and is supported by the appearance of hidden deviations between the #SPX price movement and the Stochastic Oscillator indicator and its price movement which is above the EMA 21 & EMA 34 where these three things indicate that #SPX is under the control of Buyers so that in the next few days SPX has the potential to continue its strengthening to the level of 6017.50 as its main goal and if the momentum and volatility support it, the level of 6217.91 will be the next target to be aimed for with the note that during its journey to the target levels mentioned earlier there is no significant weakening correction, especially the level of 5346.11 because if this level is successfully broken downwards, all strengthening scenarios that have been described previously will become invalid and automatically cancel all strengthening scenarios.

(Disclaimer)

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.