S&P 500 and FTSE 100 charts (Mar 15, 2019): trying to overcome resistance levels

binary options no deposit bonus 2019

S&P 500 index chart pattern

The daily bar chart pattern of S&P 500 shows that bulls are trying their best to break free from bear domination. The index bounced up after receiving support from its 50 day EMA, and made another attempt to climb above the resistance zone (between 2800 and 2825).

After a brief setback on Thu. Mar 14, the index rose to touch an intra-day high of 2831 – its highest level in 5 months – but failed to sustain above the resistance zone. 

The index closed above its three EMAs in a bull market, gaining 2.9% on a weekly closing basis. Friday’s volume spike may be a sign of a ‘buying climax’.

Daily technical indicators are looking bullish. MACD is ready to cross above its falling signal line in bullish zone. RSI is rising towards its overbought zone. Slow stochastic is inside its overbought zone. 

All three indicators are showing negative divergences by failing to touch new highs with the index. Some consolidation or correction may follow.

On longer term weekly chart (not shown), the index closed above its three weekly EMAs in a long-term bull market for the seventh week in a rowWeekly MACD has entered bullish zone. RSI has bounced up after receiving support from its 50% level. Slow stochastic is inside its overbought zone.

FTSE 100 index chart pattern

The daily bar chart pattern of FTSE 100 received good support from its rising 50 day EMA on Tue. Mar 12, and rose to touch an intra-day high of 7244 on Fri. Mar 15 – but failed to overcome strong resistance from its 200 day EMA.

The index gained 1.7% on a weekly closing basis. However, the volume spike on Friday may be a sign of a ‘buying climax’.

Daily technical indicators are looking bullish. MACD is poised to cross above its falling signal line in bullish zone. RSI is rising above its 50% level. Stochastic has entered its overbought zone. FTSE may make another attempt to cross above its 200 day EMA. 

Uncertainty regarding the BrExit process continues. The British PM may ask for an extension of time (beyond Mar 29) at the EU summit on Mar 21.

On longer term weekly chart (not shown), the index received support from its 20 week EMA and bounced up to close above its three weekly EMAs in long-term bull territory. 

Weekly technical indicators are looking bullish. MACD is rising above its signal line in bearish zone. RSI has bounced up after receiving support from its 50% level. Stochastic has re-entered its overbought zone.

news forex trading

forex no deposit bonus

Leave a Reply

Your Name (required)

Your Email (required)

Your Message

BonusMin. DepositMax. ReturnsRating
ayrex$10,000$20090%Rating Ayrex Options Review
$10,000$581%broker Rating Freestyle Review
Finmax$10,000$20090% FiNMAX Review
StockPair$20,000$585%broker Rating Falcon Finance Review
24optionUnlimited$25089%Top Binary Options Brokers Rating 24option Review

To invest with binary options you will work with an investment broker who is licensed to work in this field. Working with your broker, you will identify which asset you want to buy an option on, how much you want to invest and when the option will expire. Once the option is placed, you simply watch the trading activity on that asset to see if your prediction was accurate or not.

Binary options are one of the most popular trading choices for investors today, due in large part to their simplicity and the fact that you always know all the risks and payoffs ahead of time.

  • regulated: we promote only regulated brokers whose business models and marketing practices are checked by relevant government authorities.
  • special features: here we list all the important features that a broker offers. These are usually listed as perks offered trough various account types which bring different levels of service, depending on the minimum funds deposited
  • bonuses: almost every Top Binary Options Brokers offers these rewards that increase trading potential. Fair Binary Options also lists terms and conditions that come with the bonus money so traders always know how will these affect their trading efficiency.
  • the best binary trading platforms reviewed: we review the software that makes trading possible. There are several big providers, such as SpotOption, TechFinancials, Tradologic, MarketsPuls… Every software has some special characteristics, and not every software is suited for every trader
  • assets: Fair Binary Options review provides basic info on the amount of assets available for trading
  • customer support: we chat with the customer support to test how the broker has set up the help desk that should support traders. This is the best way to assess the service.
  • payments: we list all the payment options available by the Top Binary Options Brokers, list minimum deposit requirement
  • withdrawals: we warn traders if withdrawal requirements are too high, or if it takes a long time to get the money back.
    • Keras - self-learning NEURAL networks for
      Stock market forecasting
      Get it FREE

      *number of participants is limited

      Customer Testimonials

      Fellas what broker is legit in States ? binary options binary options broker USA?