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Murrey Math Lines 10.06.2022 (Brent, S&P 500)

BRENT

As we can see in the H4 chart, after testing 8/8 earlier, Brent has rebounded from it. In this case, the price is expected to break 7/8 and continue moving downwards to reach the support at 6/8. However, this scenario may no longer be valid if the asset breaks the resistance at 8/8 to the upside. After that, the instrument may reverse and grow towards 1/8.

Murrey Math Lines 10.06.2022 BRENTH4
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

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

Murrey Math Lines 10.06.2022  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 trading below the 200-day Moving Average to indicate a descending tendency. In this case, the price is expected to test 1/8, break it, and then continue falling towards the support at 0/8. However, this scenario may no longer be valid if the asset breaks the resistance at 2/8 to the upside. After that, the instrument may reverse and grow to reach 3/8.

Murrey Math Lines 10.06.2022 S&P 500_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 downside line of the VoltyChannel indicator and, as a result, may continue its decline.

Murrey Math Lines 10.06.2022 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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