OctaFX | OctaFX Forex Broker

      S&P500: Use Friday's high and low to mark next direction

      FXStreet (Bali) - According to Chris Capre, Founder at 2ndSkies, traders should use Friday's high and low in the SP500 to mark the next direction intra-day.

      Key Quotes

      "Closing bullish for the last 4 of 6 trading days, the S&P 500 has formed another V-bottom rejection, which I'm sure is making bears nervous and perhaps ready to capitulate. To close last week, the US index formed a with trend pin bar, but this is in front of heavy resistance above."

      "For now, use Friday's high and low to mark your next direction intra-day. If we get a break above the highs, and the risk off sentiment weakens, then the bulls will keep pushing, trying to take out 1965, and gun for the resistance zone around 1986."

      "However if the short term support at 1940 fails, then we could see a round-trip back to 1900, which would only embolden the bears, for it would mark the first major LH (lower high) in the never ending uptrend.

      USD longs and EUR shorts reduced - Nomura

      In the last CFTC report, Nomura notes a reduction in USD longs and EUR shorts for the week ending Tuesday, August 12th.
      了解更多 Previous

      AUD/USD key levels coming into play

      AUD/USD is trading at 0.9315, down -0.05% on the day, having posted a daily high at 0.9325 and low at 0.9309.
      了解更多 Next