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Murrey Math Lines 19.06.2020 (Brent, S&P 500)

Brent

In the H4 chart, after breaking 5/8, Brent is trading above it. In this case, the price is expected to continue trading upwards to reach the next resistance at 6/8. However, this scenario may no longer be valid if the price breaks 5/8 to the downside. After that, the instrument may continue falling towards the support at 4/8.

Murrey Math Lines 19.06.2020  BRENT_H4
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

As we can see in the M15 chart, the asset has broken the upside line of the VoltyChannel indicator and, as a result, may continue the ascending tendency towards 6/8 from the H4 chart.

Murrey Math Lines 19.06.2020  BRENT_M15
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

S&P 500

As we can see in the H4 chart, the Index has rebounded from the resistance at 8/8. In this case, the price is expected to resume falling to reach the support at 7/8. However, this scenario may no longer be valid if the price breaks 8/8 to the upside. After that, the instrument may continue growing towards the resistance at 1/8.

Murrey Math Lines 19.06.2020  S&P 500_H4
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

In the M15 chart, the asset may break the downside line of the VoltyChannel indicator and, as a result, continue trading downwards.

Murrey Math Lines 19.06.2020  S&P 500_M15
Risk Warning: the result of previous trading operations do not guarantee the same results in the future


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