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More Downtrend Ahead Or Volatile Bottoming Action Before Rebound?

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 14, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Briefly: In our opinion, speculative long positions are favored (with stop-loss at 1,840, and profit target at 1,990, S&P 500 index) Our intraday outlook is now bullish, and our short-term outlook is bullish. However, our medium-term outlook remains bearish, as the S&P 500 index extends its lower highs, lower lows sequence: Intraday outlook (next 24 hours): bullish Short-term outlook (next 1-2 weeks): bullish Medium-term outlook (next 1-3 months): bearish Long-term outlook (next year):

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