The SPX Index Was Bullish Yesterday But Price Has Not Broken Any Major Levels

USD/JPY Weekly Review: Strong Dollar and Yen's Resilience in G10 Currencies

 

 

Red lines- bearish channel

Strong positive day for bulls yesterday in SPX. The index gained 1.83% to close around 3,980. Price has not broken any major resistance levels and remains inside the short-term bearish channel it has created. The RSI has provided a bullish divergence which warned short-term traders of a possible bounce. This bounce came yesterday and price is now challenging the upper channel boundary. Is the decline from 4,324 complete? As long as price is below 4,020 we remain short-term bearish looking to see new lower lows.

Relevance up to 10:00 2022-09-09 UTC+2 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

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USD/JPY Weekly Review: Strong Dollar and Yen's Resilience in G10 Currencies

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