Chart pattern- Head and shoulder pattern
Ichimoku Analysis (4-Hour chart)
Tenken-Sen- 2866
Kijun-Sen- 2800
S&P500 is trading lower after a minor pullback till the 2953 level. The major trend remains on the downside as long as resistance 2972 holds. The index has formed a temporary top around 2972 and any trend continuation only above that level. It is currently trading around 2820.
On the flip side, immediate support is around 2800 and any break below will drag down till 2772 (200-4H MA) 2723 (Apr 23rd low)/2669 (38.2% fib).
The near-term resistance is at 2840, any indicative break above targets 2866/2900.
It is good to sell on rallies around 2850-55 with SL around 2900 for the TP of 2725.


FxWirePro: GBP/USD rises as soft US data pressures dollar
JPY Action Bias: EURJPY and CADJPY Emerge as Extremely Bullish Pairs to Watch
FxWirePro- Major Crypto levels and bias summary
AUD/JPY Slips Below 112 as BOJ Intervention Sparks Bearish Momentum: Sell the Rallies
JPY Currency Meter Signals: NZDJPY Bullish (+25) vs CHFJPY (-100) – These Pairs Could Move Next
Major European Indices Score Extremely Bullish: DAX Eyes 26000, CAC Targets 8600, FTSE100 at 11000 – Key Levels to Watch
FxWirePro: USD/JPY edges higher as focus shifts to BOJ decision
NZDJPY Bullish Rebound: Buy Dips as EMAs Align for 97 Target
FxWirePro- Major Pair levels and bias summary
FxWirePro : GBP/NZD strongly bearish despite upside attempts
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
FxWirePro: AUD/USD gains some ground but outlook is bearish
FxWirePro: GBP/AUD drifts lower after BOE rate decision
AUDJPY Volatile After Massive Sell-Off: Sell Rallies at 113, Targeting 110 as Bearish Momentum Surges
FxWirePro: NZD/USD firms as Kiwi gains on strong ANZ business outlook data
Nikkei Surges Past 65,000 on Suspected Yen Weakness: Tech Giants Like Advantest and NEC Lead Explosive Gains 



