More Uncertainty Ahead Of Quarterly Earnings Releases, Still Close To Last Year's Highs

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 18, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Briefly: In our opinion, speculative short positions are favored (with stop‐loss at 2,100, and profit target at 1,950, S&P 500 index). Our intraday outlook is bearish, and our short‐term outlook is bearish. Our mediumterm outlook remains bearish, as the S&P 500 index extends its lower highs, lower lows sequence: Intraday outlook (next 24 hours): bearish Short‐term outlook (next 1‐2 weeks): bearish Medium‐term outlook (next 1‐3 months): bearish Long‐term outlook (next year): neutral The

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