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S&P 500
On the weekly chart, the price is approaching the upper boundary of the Fibonacci ascending channel (constructed from the 2009 low to the all-time high). The target level is 6159.50.
The price and the Marlin oscillator have already formed a divergence. However, even if the price moves above the channel boundary, it will only slightly alter this formation. We are anticipating a market reversal resulting in a deep correction. There is a high probability of reaching 6159.50 due to the lower big shadow of the current candle.
On the daily chart of the S&P 500, the price has risen above the MACD line. The signal line of the Marlin oscillator has only slightly decreased from the price drop that occurred between January 24 and 27 and is now poised to resume its upward movement. If the price consolidates above 6159.50, the growth is expected to continue toward the target level of 6218. A consolidation above this level could push the price further up to 6432. However, these targets are weak and may not be reached. Although the market is on an upward trend, this growth appears to be fragile.
*এখানে পোস্ট করা মার্কেট বিশ্লেষণ আপনার সচেতনতা বৃদ্ধির জন্য প্রদান করা হয়, ট্রেড করার নির্দেশনা প্রদানের জন্য প্রদান করা হয় না।
ইন্সটাফরেক্স বিশ্লেষণমূলক পর্যালোচনাগুলো আপনাকে মার্কেট প্রবণতা সম্পর্কে পুরোপুরি সচেতন করবে! ইন্সটাফরেক্সের একজন গ্রাহক হওয়ায়, দক্ষ ট্রেডিং এর জন্য আপনাকে অনেক সেবা বিনামূল্যে প্রদান করা হয়।
