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Murrey Math Lines 17.06.2022 (Brent, S&P 500)

BRENT

On H4, Brent quotes have bounced off the 200-days Moving Average and are trading above it, indicating the end of the correction and the continuation of the uptrend. A test of 7/8 is to be expected, followed by a breakaway and growth to the resistance level of 8/8. The scenario can be cancelled by a breakaway of the support level at 6/8 downwards. In this case, the quotes can return to 5/8.

Murrey Math Lines 17.06.2022 BRENTH4
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

On M15, growth can be additionally confirmed by a breakaway upwards of the upper line of VoltyChannel.

Murrey Math Lines 17.06.2022 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 quotes rest in the overbought area. A test of 0/8 is expected, followed by a breakaway and growth to the resistance level of 2/8. The scenario can be cancelled by a breakaway of the support at -1/8 downwards. This might entail further falling to -2/8.

Murrey Math Lines 17.06.2022 S&P 500_H4
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

On M15, a breakaway of the upper line of VoltyChannel will increase the probability of price growth.

Murrey Math Lines 17.06.2022 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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