Weekly Review. S&P500, Brent, Gold | 25 September 2015


S&P500


Monthly chart: a continued correction in the direction of the lower Bollinger band (1794.2). We can not exclude formation of the inside bar in September.


Weekly Review. S&P500, Brent, Gold


Weekly chart: a classic false breakdown of IB also indicates readiness of the index to decline to 1794.2.


Weekly Review. S&P500, Brent, Gold


The daily chart: intermediate support on the lower Bollinger band (1887.5) can delay decline, which fits into the scenario suggesting formation the IB on the monthly chart.


Weekly Review. S&P500, Brent, Gold


Expectations: decline to 1887.5 and upward bounce to 1951.0


Trade solutions:


1) Sales to 1887.5 and 1794.2 (in the middle run).


"Brent"


Monthly chart: suppression of bullish pinbar for August. The lower Bollinger band still looks at 34.90 with a confidence.


Weekly Review. S&P500, Brent, Gold


Weekly chart:decline is complicated by weakness of bears (as evidenced by convergence of the oscillator). However, envelopes are expanding, bearish pinbar still has a potential.


Weekly Review. S&P500, Brent, Gold


The daily chart: local support on horizontal lower Bollinger band 43.33


Weekly Review. S&P500, Brent, Gold


Expectations: decline to 43.33


Trade solutions:


1) Keep Sell trades to 43.33.


Gold


Monthly chart: a continued formation of the inside bar. If that happens, we will have a good setup in October.


Weekly Review. S&P500, Brent, Gold


Weekly chart: flat and two resistance on the way - the middle Bollinger band (1152.32) and upper (1219.00).


Weekly Review. S&P500, Brent, Gold


The daily chart: here we also have horizontally located envelopes, so the range of the week will be inside 1095.22-1152.32


Weekly Review. S&P500, Brent, Gold


Expectations: flat in the range 1092.22-1152.32


Trade solutions:


1) We buy to 1152.32 and sell from 1152.32 to 1092.22


Aleksey Panasenko
FreshForex Analyst
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