Close Menu
SimpleFX BlogSimpleFX Blog
    Facebook X (Twitter) Instagram
    Monday, July 14
    Facebook X (Twitter) LinkedIn Telegram YouTube
    SimpleFX BlogSimpleFX Blog
    Banner
    • Home
    • News
    • Tutorials
    • Updates
    • Trading Academy
    • Trading Schedule
    SimpleFX BlogSimpleFX Blog
    Home » Will SPX500 Beat Another Historic Records Anytime Soon?
    Analysis

    Will SPX500 Beat Another Historic Records Anytime Soon?

    Zach WrightBy Zach WrightDecember 10, 2019No Comments1 Min Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram Copy Link

    We see the continuation of a long increase in prices within the yellow channel. More precisely, the price channel describes the green channel. Not so long ago, the price pushed off its lower bound after which growth continued.

    It is possible that at the moment we see an upward movement in the direction of the upper wall of the yellow channel and the resistance level of 3223.

    However, in the case of a small decline and a break of the green support line and the level of 3105, the decline may continue towards the lower bound of the yellow channel and the nearest support level of 2974.

    The approximate scheme of possible future movement is indicated on the chart.

    featured stock
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram Copy Link
    Previous ArticleHey, Forex Traders! Time to Give EURAUD a Try!
    Next Article Will Silver Prices Ride the Uncertainty Again Today?
    Zach Wright

    Related Posts

    The Merge and its impact: Is Ethereum now more eco-friendly?

    July 7, 2025

    ETH: Compression not seen since the beginning of the year

    June 26, 2025

    New feature: Multicharts are live on SimpleFX!

    June 12, 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.