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Murrey Math Lines 04.09.2020 (Brent, S&P 500)

Brent

On H4, Brent quotations are trading inside a consolidation range. We expect the price to bounce off 4/8, which will lead the price to the resistance at 5/8. The scenario may be canceled by a breakaway of 4/8 top-down, which may lead to further falling to the support at 3/8.

Murrey Math Lines 04.09.2020  BRENT_H4
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

On M15, the upper border of VoltyChannel is too far from the current price, so the signal for the growth of the quotations will only be a bounce off 4/8 on H4.

Murrey Math Lines 04.09.2020 BRENT_M15
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

S&P 500

On H4, the quotations of S&P 500 are also trading in a consolidation range. Currently, the price is bouncing off 4/8, which means the quotations may grow to the resistance at 5/8. The scenario may be canceled in the case of a breakaway of 4/8 top-down, which will bring the price further down to the resistance at 3/8.

Murrey Math Lines 04.09.2020  S&P500_H4
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

On M15, the upper border of VoltyChannel is, again, too far from the current price,so the signal for the growth of the quotations will be a bounce off 4/8 on H4.

Murrey Math Lines 04.09.2020  S&P500_M15
Risk Warning: the result of previous trading operations do not guarantee the same results in the future


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