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Murrey Math Lines 03.09.2021 (Brent, S&P 500)

Brent

In the H4 chart, Brent is trading above the 200-day Moving Average, thus indicating an ascending tendency. In this case, the price is expected to break 7/8 and continue growing towards the resistance at 8/8. However, this scenario may no longer be valid if the asset breaks 6/8 to the downside. After that, the instrument may move downwards and reach the support at 5/8.

Murrey Math Lines 03.09.2021 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 pair has broken the upside line of the VoltyChannel indicator and, as a result, may continue its growth towards 8/8 from the H4 chart.

Murrey Math Lines 03.09.2021 BRENT_M15
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

S&P 500

In the H4 chart, the S&P Index is also trading above the 200-day Moving Average to indicate an ascending tendency. In this case, the price is expected to continue growing towards the resistance at 3/8. However, this scenario may no longer be valid if the asset breaks 2/8 to the downside. After that, the instrument may fall to reach the support at 1/8.

Murrey Math Lines 03.09.2021 S&P500_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 pair has broken the upside line of the VoltyChannel indicator and, as a result, may continue trading upwards.

Murrey Math Lines 03.09.2021 S&P500_M15
Risk Warning: the result of previous trading operations do not guarantee the same results in the future


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