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Red lines- trading range
SPX is moving higher again today after the Non-Farm Payrolls announcement. Price is now at 3,870 but still below the upper range boundary. SPX has been trading inside this trading range since mid December. Traders need to remain patient for a break out before choosing sides. There are times to be bullish and there are times to be bearish. This is the time we need to remain patient and neutral to see which direction SPX will break out of the range. No need to take bigger risks. The market has confirmed the importance of the resistance at 3,900 and the support at 3,800. Traders better wait for a break out before opening new positions. More aggressive traders would open short close to 3,900 or long near 3,800.
*এখানে পোস্ট করা মার্কেট বিশ্লেষণ আপনার সচেতনতা বৃদ্ধির জন্য প্রদান করা হয়, ট্রেড করার নির্দেশনা প্রদানের জন্য প্রদান করা হয় না।
ইন্সটাফরেক্স বিশ্লেষণমূলক পর্যালোচনাগুলো আপনাকে মার্কেট প্রবণতা সম্পর্কে পুরোপুরি সচেতন করবে! ইন্সটাফরেক্সের একজন গ্রাহক হওয়ায়, দক্ষ ট্রেডিং এর জন্য আপনাকে অনেক সেবা বিনামূল্যে প্রদান করা হয়।
Graphical patterns
indicator.
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