Alternative scenario: below 1.2344, expect 1.2305 and 1.2282.
Our preference: the upside prevails as long as 165.81 is support.
Alternative scenario: the upside breakout of 1.8507 would call for 1.8557 and 1.8587.
Our preference: the downside prevails as long as 1.7726 is resistance.
The next few days promise to be volatile for the S&P 500 thanks to fundamental and technical for...
Short positions below 0.6740 with targets at 0.6680 & 0.6650 in extension.
Our preference: rebound towards 0.9865.
The MACD is negative and above its signal line.
Our preference: under pressure below 166.35.
Alternative scenario: the downside breakout of 0.8840 would call for 0.8819 and 0.8806.
Long positions above 101.4000 with targets at 101.9000 & 102.1500 in extension.
Long positions above 1.3335 with targets at 1.3390 & 1.3410 in extension.
The MACD is negative and below its signal line.
Our preference: as long as 1.3294 is support look for 1.3370.
Long positions above 0.8910 with targets at 0.8960 & 0.8975 in extension.
Alternative scenario: above 1.494, look for 1.499 and 1.503.
Alternative scenario: below 1.4625, expect 1.4580 and 1.4554.
Alternative scenario: the upside breakout of 0.8940 would call for 0.8980 and 0.9000.
Alternative scenario: the downside breakout of 0.6658 would call for 0.6629 and 0.6612.
Alternative scenario: the upside breakout of 0.6010 would call for 0.6038 and 0.6055.
The MACD is below its signal line and positive.
Our preference: rebound towards 0.8999.
Short positions below 1.2430 with targets at 1.2380 & 1.2350 in extension.
Long positions above 133.40 with targets at 134.20 & 134.60 in extension.
Short positions below 1.1010 with targets at 1.0960 & 1.0940 in extension.
Long positions above 1.3335 with targets at 1.3390 & 1.3410 in extension.
Alternative scenario: the downside breakout of 1.3296 would call for 1.3269 and 1.3254.
Long positions above 101.4000 with targets at 101.9000 & 102.1500 in extension.