SPX500 Weekly Review
Wave Analysis
SPX500 is currently in an active up trend. As long as the price remains above the Alligator indicator's black line, we expect nothing but a possible momentum to the upperside, the anticipated bullish price rally is the continuation of the last impulsive wave (v) to the upperside and should breakout beyond 4484.9 and may extend much higher. If you are looking at this chart right now, keep looking for a possible long term buy position.
Trade Recommendations:
We're buyers towards 4525.6.
Gold Weekly Review
Wave Analysis
According to the intraday indicators attached on the chart above, Gold is 60% bearish. This means sellers have an edge in this market, which means the price will continue to the lower side and should break below 1728.25 and may extend much lower. If you are looking at this chart right now, keep looking for long term sell positions towards 1697.20 and may extend much lower. Only a break above 1795.96 will trigger a possible buy order towards 1838.50.
Trade Recommendations:
We're sellers from around 1795.96 towards 1728.25.
Brent Oil Weekly Review
Wave Analysis
Brent oil is currently in an active downtrend. According to the intraday indicators attached on the chart attached, we are 80% bearish, we expect the price to extend much lower and should breakout below 63.461 towards 62 or even lower. On the flipside, should the price break above 68.203, then this will be a good place to consider a possible long term buy position towards 71.420 and may extend much higher towards 73.
Trade Recommendations:
We're sellers towards 63.6
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