What will happen to the one of the main indices - S&P500
USD/CHF: bulls are grasping at straw
SELL 0,962 SL 0,9675 TP1 0,952 TP2 0,9535,
BUY 0,9665 SL 0,961 TP1 0,9745 TP2 0,978.
On the USD/CHF daily chart, there is an acceleration of the downtrend. If the Bears manage to keep the quotes below the support at 0.9635 ($88.6 from the last ascending near-term wave), the risks for the continuation of the rally towards 0.9435 will increase.
On the USD/CHF hourly chart, activation of the inverted Crab pattern in the case of the breakout of the resistance at 0.9665 might lead to the implementation of the Wolfe Wave pattern. In contrast, a break of the support at 0.962 will send quotes lower.
The market is likely going to continue declining. The main intraday target is the next support at 1.1526 - 1.1508...
Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.
AUD/CAD falling inside impulse waves 3 and (C) Next sell target - 0…