Market Watch March 24, 2020

Market Watch March 24, 2020

# SPX500

The situation on the stock market today is quite pessimistic.S&P 500 Indexcontinues to decline and despite all attemptsgrowth. The daily and weekly separative volatility zone is located in the area of ​​2305 and a decrease below this zone will be a signal for further sales. Sales goals for today are 2133 and 1985 for this week's goals.

Confirmation to continue stock declineThe index should be expected after the discovery of America with confirmation of a decrease in the cumulative delta for the three indices immediately, as well as a decrease in the stock market indicator during the first trading hour. The index is unlikely to grow, but if you look at this situation, then the growth target is 2461, where is the weekly ATR zone.

#EURUSD

For the first European currency, it remainsan uptrend that can be broken in the area of ​​resistance of the weekly ATR 1.0930 and then a decrease should be expected with the breakdown of the separative volatility in the region of 1.0860, then 1.0805 and a further decline to the area of ​​1.0540 where there is support for the weekly and monthly separative volatility. The mood of private traders at the time of publication is almost equal with a slight margin of purchases.

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