S&P 04.05.2017
Time frame D1
Long-term uptrend, the price made top and corrected and formed levels of support. If break the resistance we may look for a
long position. Risk appetite is increasing, which is another buy factor. With long position is better if we wait for a test of the break. SL around levele 2370.
Technical indicators:
CCI(50) - Above level 100 which indicates that the positive sentiment is still strong
DeM(14) - Above level 70 and no turning down, that shows us that the negativity is weak
Alternative scenario: If the price goes below the horizontal support at levels 2323 we can look for a short positions.
Trader Bozhidar Arabadzhiev
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