The index rallied on the back of the positive data

August 30, 2016

Wall Street traded higher on Monday due to U.S inflation and consumer reports.

Current situation

The index rallied on the back of the positive data on Monday. Traders were able to push the price from the level 2165 to the 2180 mark. S&P500 closed the day bullish. The resistance is seen at 2180, the support is at 2165.

MACD is in the negative area. The indicator grew which indicates the sellers’ positions weakening. RSI moved away from the oversold area and approached the overbought one.

The price bounced upwards from the 200-EMA in the 4 hours chart. The index grew and managed to touch the 50 and 100 Day EMAs. The moving averages are moving upwards which is a buy signal.

Trading recommendations

If a bullish momentum is preserved the index will continue growing. The next buyers’ target is the mark 2180.

Publication source
Fort Financial Services information  Fort Financial Services reviews

September 27, 2016
Monetary policy has been very effective
Asian stock markets managed to reverse earlier losses and are mostly up on the day, led by Hond Kong where casinos and banks outperformed as traders followed the U.S. presidential debate and judged Clinton the winner...
September 27, 2016
Gold up awaiting presidential debate
The gold price continued to rally today, racking up its 6th straight day of gains ahead of tonight’s first presidential debate between Hillary Clinton and Donald Trump who at the moment are neck and neck in the polls...
September 27, 2016
Markets: Round One Clinton 1 - 0 Donald
Round one of the U.S. presidential debate is over and as expected big punches were exchanged from both sides, but clearly no knockout blows were landed...

Grand Capital Rating
FIBO Group Rating
FxPro Rating
OANDA Rating
XM Rating
OctaFX Rating

Anyoption Rating
Beeoptions Rating
Empire Option Rating
IQ Option Rating
OptionRally Rating
EZTrader Rating