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13.09.202312:38 विदेशी मुद्रा विश्लेषण और समीक्षा: Technical analysis on SPX for September 13th, 2023.

Exchange Rates 13.09.2023 analysis

Red lines- bullish channel

Blue line- support trend line

SPX is trading around 4,457. Medium-term trend remains bullish as price continues trading inside the red upward sloping channel since last year. As we mentioned in previous posts, SPX is vulnerable to a bigger pull back towards 4,200 at least. SPX has increased chances of testing the lower channel boundary. This will become our primary scenario of SPX price breaks below the blue upward sloping trend line. This trend line now provides support at 4,420. With a lower high already formed, if we see price break 4,420 and 4,360, then a move towards 4,200 will be expected. Bulls need to push price above 4,540 to forget any short-term pull back.

*यहां पर लिखा गया बाजार विश्लेषण आपकी जागरूकता बढ़ाने के लिए किया है, लेकिन व्यापार करने के लिए निर्देश देने के लिए नहीं |

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