SPX 500 Technical Analysis: Trying to Break Monthly Uptrend

| 10 augusti, 2015 | 0 kommentarer

Talking Points:

  • Support: 2077.80, 2072.90, 2062.80
  • Resistance: 2089.40, 2115.90, 2137.10
  • For more, visit our SPX 500 page

The SPX 500 is digesting losses having probed below support guiding prices higher over the past month. A breach of trend line support at 2077.80 exposes the 61.8% Fibonacci expansion at 2072.90. Alternatively, a daily close back above the 50% level at 2081.20 clears the way for a challenge of the 38.2% Fib at 2089.40.

KEY UPCOMING EVENT RISK:

10 AUG 2015, 13:00 GMT – Atlanta Fed President Dennis Lockhart Speaks

12 AUG 2015, 05:30 GMT – China Retail Sales (YoY) (JUL) – Expected: 10.6%, Prev: 10.6%

12 AUG 2015, 05:30 GMT – China Industrial Prod. (YoY) (JUL) – Expected: 6.6%, Prev: 6.8%

13 AUG 2015, 12:30 GMT – US Retail Sales (MoM) (JUL) – Expected: 0.6%, Prev: -0.3%

14 AUG 2015, 12:30 GMT – US PPI (YoY) (JUL) – Expected: -0.9%, Prev: -0.7%

14 AUG 2015, 17:00 GMT – UofM US Consumer Conf. (AUG P) – Expected: 93.6, Prev: 93.1

SPX 500 Technical Analysis: Trying to Break Monthly Uptrend

— Written by Ilya Spivak, Currency Strategist for DailyFX.com

To receive Ilya’s analysis directly via email, please SIGN UP HERE

Contact and follow Ilya on Twitter: @IlyaSpivak

Taggar: ,

Kategori: Analys från DailyFX

Om skribenten ()

DailyFX från FXCM ger dig dagligen färska tekniska analyser på valuta och råvaror. FXCM är en ledande handelsplattform för trading av finansiella tillgångar med kraftfulla verktyg för alla sorters handel.

Lämna ett svar

E-postadressen publiceras inte. Obligatoriska fält är märkta *