empty
 
 
13.02.2023 04:02 PM
Short-term technical analysis on SPX for February 13th, 2023.

This image is no longer relevant

Blue line- support trend line

Green line- support trend line

SPX is trading around 4,100. Short-term trend remains bullish as price continues to respect the short-term support trend line and is still making higher highs and higher lows. SPX can continue its rise towards 4,250 as long as it respects support at 4,050. A break below the near term support trend line will open the way for a decline towards the green support trend line at 3,930-3,950. SPX has formed a major low at 3,490 and since then is making higher highs and higher lows that could be the start of a new up trend.

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback