Intraday and swing scenarios based on price action and volume profile.
The S&P500 ended the previous session with another record close
2020-08-26 • Updated
Ichimoku Kinko Hyo
NZD/JPY: The NZD/JPY pair is trading Tenkan Sen and Kijun Sen level. An upward wave would lead the pair into higher ground, confirming the bullish scenario.
European Market View
The S&P500 ended the previous session with another record close. The Nasdaq also ended Tuesday’s session at a record for a fourth straight day with various of shares of big tech firms hit their own highest ever levels.
European Key Point
- The S&P500 ended the previous session with another record close.
- The Nasdaq also ended Tuesday’s session at a record for a fourth straight day.
Corrective Bearish Scenario: Sells below 38680 with TP1: 38560, TP2: 38500, TP3: 38432 Continuation Bullish Scenario: Buys above 38816 with TP: 39000
Bullish Scenario: Buy between 17515 and 17600 with TP1: 17681; TP2: 17720 intraday, and TP3: 17750 / 18000 in extension. Bearish Scenario in case of breaking the buying zone: Sell below 17500 with TP1: 17469; TP2: 17421, and TP3: 17358 in extension.
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