Monday 14th November 2022: Technical Outlook and Review
On the H4 chart, the overall bias for S&P500 is bullish with price above the Ichimoku cloud. If bullish momentum continues, expect the price to head up towards the 1st resistance line at 4011.74 where the 61.8% Fibonacci line is located.
Thursday 10th November 2022: Technical Outlook and Review
On the H4 chart, the overall bias for S&P500 is bullish with price above the Ichimoku cloud. Overnight, price had bearish momentum with the price closing under the 1st resistance at 3805.83 where the 38.2% Fibonacci line is located. The price is currently trading at 3748.56 at time of writing.
Wednesday 09th November 2022: Technical Outlook and Review
On the H4 chart, the overall bias for S&P500 is bullish with price currently crossing above the Ichimoku cloud. Overnight, price had bullish momentum with the price closing above the 1st support at 3805.83 where the 38.2% Fibonacci line is located.
Tuesday 08th November 2022: Technical Outlook and Review
On the H4 chart, the overall bias for S&P500 is bullish with price currently crossing above the Ichimoku cloud. Overnight, price had bullish momentum with the price closing under the 1st resistance at 3805.83 where the 38.2% Fibonacci line is located.
Tuesday 8th November 2022: Asia-Pacific trading higher
Gold prices gained more than one percent in the day's trade, amidst a softening in the Dollar's strength as markets reconcile to the Fed's actions and commentary in the recent review
Monday 7th November 2022: Technical Outlook and Review
On the H4 chart, the overall bias for S&P500 is bearish with price currently crossing under the Ichimoku cloud. Towards the end of last week, price continued its bearish momentum with price closing under the 1st resistance at 3805.83 where the 38.2% Fibonacci line is located.
Friday 04th November 2022: Technical Outlook and Review
On the H4 chart, the overall bias for S&P500 is bearish . Overnight, price continued its bearish momentum with price closing under the 1st resistance at 3805.83 where the 38.2% Fibonacci line is located.
Thursday 3rd November 2022: Technical Outlook and Review
The price is currently trading at 3759.68 at time of writing. If this bearish momentum continues, expect price to possibly head towards the 1st support at 3636.87 where the previous swing low and 78.6% Fibonacci projection line is located.
Wednesday 02nd November 2022: Technical Outlook and Review
On the H4 chart, the overall bias for S&P500 is bullish. To add confluence to this, the price is above the Ichimoku cloud which indicates a bullish market. Overnight, price continued to consolidate with price currently trading at 3856.11 at time of writing.
