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Saturday, September 11, 2021

πŸ“ S&P500: weekly forecast for September 13 - 17.

πŸ“ S&P500: weekly forecast for September 13 - 17.

S&P 500 CURRENCYCOM:US500

New US Commodity Futures Trading Commission reports overall market volume up 2%.
πŸ“Œ According to the current CoT reports, the buying bias has decreased by 6%, indicating a likely continuation of the decline during the new trading week.
A 2% increase in investors' locked positions suggests a unidirectional move within the trading week.
In case of an additional test of the week balance (4485.0), we expect an impulsive decline towards the $2bn 161m upside option position gain (4440.0).
πŸ’‘ On a breakdown and consolidation below the 4440.0 price level, we expect a subsequent decline to the option level of $1bn 550m upside positions at the price level (4400.0).
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