S&P500
Monthly: the bullish momentum remains here. However, ADX is going through correction and getting weak, so we can assume that around new Highs the index will wait for beginning of the downward correction.
Weekly: breakthrough of the upper envelope is the proof of northern expectations. A rollback to the middle Bollinger band (2070.4) can take place, from where it would be appropriate to buy.
Daily: a potential resistance area – 2211.9 (upper Bollinger band). Support –2118.4 (middle band)
Expectations: surge to 2211.9 followed by a downward rollback to 2118.4
Solutions:
1. Buy to 2211.9
2. Sales from 2211.9 to 2118.4
"Brent"
Monthly: decline is taking place without the trend component of ADX, so the price movement can be multidirectional .
Weekly: local support – 36.36 (the lower Bollinger band). Intermediate support – 46.05 (middle band)
Daily: So far, ADX is weak but growing. We can assume that after having pricked local Lows, the pricewill return to the middle Bollinger band (48.24), where the best possible area for new sales will be located.
Expectations: decline after opening of markets, then a pullback to 48.24 followed by another decline.
Solutions: wait with Sell limit orders around 48.00-48.24
Gold
Monthly: very active and aggressive ADX, so growth can start at any time. Zones of possible purchases are 1265.70 and 1185.54.
Weekly: a better shaped area of support 1271.59 (middle Bollinger band)
Daily: even a better shaped support 1284.13 (dynamic level of the lower Bollinger Band)
Expectations: Drop to1284.13 followed by growth to 1331.24
Solutions: Buy from 1284.13 to 1331.24