Close Menu
SimpleFX BlogSimpleFX Blog
    Facebook X (Twitter) Instagram
    Tuesday, December 16
    Facebook X (Twitter) LinkedIn Telegram YouTube
    SimpleFX BlogSimpleFX Blog
    Banner
    • Home
    • News
    • Tutorials
    • Updates
    • Trading Academy
    • Trading Schedule
    SimpleFX BlogSimpleFX Blog
    Home » SimpleFX SPX500 Chart Analysis: October 9, 2019
    Analysis

    SimpleFX SPX500 Chart Analysis: October 9, 2019

    Zach WrightBy Zach WrightOctober 9, 2019No Comments1 Min Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram Copy Link
    The market continues to move within the large yellow channel. It is likely that at the moment we are seeing a trend towards its lower bound. If soon the price breaks the support level of 2860 formed by the lower green wall, the decline is likely to continue to the lower yellow bound and the support level of 2771. Confirmation of this scenario is the fact that the price is well below the moving average line, which may indicate a large bearish potential. However, if the market turns around and starts moving up, breaking through the resistance of 2933 formed by the red moving average, we will see the price rise to the resistance level of 3021.
    featured stocks
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram Copy Link
    Previous ArticleSimpleFX  AUDNZD Chart Analysis: October 8, 2019
    Next Article SimpleFX  EURAUD Chart Analysis: October 9, 2019
    Zach Wright

    Related Posts

    Crypto Month on SimpleFX – get a cashback for trading cryptocurrencies!

    August 20, 2025

    Ethereum turns 10 today! Here’s how we’re celebrating 

    July 30, 2025

    Top Use Cases of Ethereum: Beyond Cryptocurrency

    July 21, 2025
    Leave Us a Review
    Review us on
    App Store
    Google Play
    Copyright © 2014 - 2025. 8Tech SVG Ltd (formerly SimpleFX Ltd) with registration number 22361 BC 2014 with registered address at Beachmont Business Centre, Suite 404, Kingstown VC0100, Saint Vincent and the Grenadines
    • SimpleFX WebTrader
    • Unilink Affiliate Tracker

    Type above and press Enter to search. Press Esc to cancel.