03:25 pm (GMT +0200)A downward violation of the support level at 4502.92 will result to deeper drop towards 4501.48 and further down to 4498.60.
Price Action
Thursday, November 16 2023
03:25 pm (GMT +0200)
30 minutes Timeframe
If SP500 fails to withstand the bulls' pressure, the bearish scenario will be eliminated and we foresee that a bullish outlook will be in effect.
Price Action Outlook:
Bullish
Profit Levels
Target 1
4502.92
Target 2
4501.48
Target 3
4498.60
Target 4
4495.00
Entry
4505.80
Stop Loss
4513.00
Trend Confirmation
Momentum
LWMA
MACD
Price Action
Thursday, November 16 2023
03:25 pm (GMT +0200)
30 minutes Timeframe
A downward violation of the support level at 4502.92 will result to deeper drop towards 4501.48 and further down to 4498.60.
If SP500 fails to withstand the bulls' pressure, the bearish scenario will be eliminated and we foresee that a bullish outlook will be in effect.
Price Action Outlook:
Bullish
Profit Levels
Target 1
4502.92
Target 2
4501.48
Target 3
4498.60
Target 4
4495.00
Entry
4505.80
Stop Loss
4513.00
Trend Confirmation
Momentum
LWMA
MACD