Forex forecasts and market outlooks
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20.09.2019 - 14.09.2019
The broad spectrum index S&P 500 continues to trading within the sideways channel of 2947.1–3022.3.
On the 4-hour chart, the instrument is trading in the lower Bollinger band. The price remains above the EMA65, EMA130 and SMA200 that are directed up. The RSI is falling, having formed a Bearish divergence with the price. The Composite is approaching its strong support.
The broad-spectrum S&P 500 index is trading near historic highs at 3022.3.