General overview for 05/12/2016:

Analysis conducted for BD Global Trading proprietary trading company.

After determining the peak of the first wave at the level of 2,212 points, the index of wide market SP500 is currently in a correction cycle. The first target level, ie local support for 2180 has already been tested, but further declines towards next support level at 2,148 points are not excluded. Only a sudden, impulsive upside breakout in the direction of 2250 overrides the currently preferred scenario of a downward correction.

Support/Resistance:
2210 – Intraday Resistance
2191 – ATH
2185 – Weekly Pivot
2180 – Intraday Support
2148 – Intraday Support
1981 – Technical Support

Trading recommendations:
Upside seems to be limited as the top of the wave 1 is in place now. Corrective cycle ahead*.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.


★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★ 
My blog www.elliottfxtrader.com is taking part in Blog of the Year 2016 contest organized by FxCuffs Expo. If You like my analysis, then please vote for me!
How to vote:
1. Click on this link: http://konkurs.fxcuffs.pl/blog-roku/?kan=Blog%20Sebastiana%20SELIGI
2. First blank field: NAME and SURNAME (required)
3. Second blank field: TELEPHONE NUMBER ( not required)
4. Third blank field: E-MAIL ADRESS (required)
5. Click on Privacy Policy(check) field at the bottom.
6. Then click on Wyslij button and You are done!
Thank You Very Much! 

PS: Close AdBlock!★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★
Kategorie: Uncategorized

Sebastian Seliga

Aktywny trader, analityk, ekspert metod inwestycyjnych bazujących na teorii fal Elliott'a, geometrii Fibonacciego i nie tylko.

0 komentarzy

Dodaj komentarz

Avatar placeholder

Twój adres e-mail nie zostanie opublikowany. Wymagane pola są oznaczone *

Witryna wykorzystuje Akismet, aby ograniczyć spam. Dowiedz się więcej jak przetwarzane są dane komentarzy.