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25.04.2024 06:32 AM
With the appearance of deviation between S&P 500 index price movement with Stochastic oscillator on the 4 hour chart, then in the near future, the index has the potential to appreciate upward to the level 5083,48. If this level successfully broken above, then the strengthening will still continue to the level 5104,66 as the main target and if the momentum as well as the volatility is supporting enough, then the level of 5161,94 will be the next target to be aimed of. But if on the way to those levels suddenly there is a quite significant weakness correction, especially if going down below the level 4968,85, then the strengthening scenario that has been described before will become invalid and will cancel itself.
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*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
