02, August 2016

SP500 (a 4-hour chart)

 SP500 (a 4-hour chart)

General overview

The USA Bonds Market went back and forth on Monday trades. Investors keep a close eye on the USA companies earning reports. The S&P 500 profits decreased by 3,2% in the Q2.

Current situation

The index had a negative day on Monday. The price suffered a short lived downward movement. The instrument lost about 0.18% during the course of the day. The resistance is seen at 2165, the support is at 2150.

Indicators (MACD and RSI) generate the same signals.

In the 4 hours chart, the price fell onto the 50-EMA. The moving averages are moving upwards.

Trading recommendations

The upward bounce potential target is 2180. If the price falls it will get to 2150.