Murrey Math Lines 15.09.2023 (Brent, S&P 500)

<p><strong>By <a href="https://roboforex.com/" target="_blank" rel="noopener"><u>RoboForex.com</u></a></strong></p>
<p><strong>Brent</strong></p>
<p>Brent crude oil quotes and the RSI on H4 are in their respective overbought areas. In this situation, a downward breakout of 8/8 (93.75) is expected, followed by a decline to the support at 6/8 (90.62). The scenario can be cancelled by an upward breakout of +1/8 (95.31). In this case, the quotes could aim at the resistance at +2/8 (96.88).</p>
<p><img decoding="async" src="https://roboforex.com/uploads/roboforecast/roboforex_com/99/2023/Murrey/september/15/1.png" alt="Brent_H4" /><br />
<img decoding="async" src="https://roboforex.com/bundles/roboforecast/images/risk-warning/en.png" alt="Risk Warning: the result of previous trading operations do not guarantee the same results in the future " /></p>
<p>On M15, the lower boundary of the VoltyChannel is too far from the current price, so the decline might only be supported by a downward breakout of 8/8 (93.75) on H4.</p>
<p><img decoding="async" src="https://roboforex.com/uploads/roboforecast/roboforex_com/99/2023/Murrey/september/15/2.png" alt="Brent_M15" /><br />
<img decoding="async" src="https://roboforex.com/bundles/roboforecast/images/risk-warning/en.png" alt="Risk Warning: the result of previous trading operations do not guarantee the same results in the future " /></p>
<p><strong>S&amp;P 500</strong></p>
<p>On H4, the S&amp;P 500 index quotes are above the 200-day Moving Average, indicating the prevalence of an uptrend. However, the RSI has already reached the overbought area. As a result, in these circumstances, a test of 4/8 (4531.2) is expected, followed by a rebound from this level and a decline to the support at 3/8 (4492.2). The scenario can be cancelled by rising above the resistance level of 4/8 (4453.1). In this case, the S&amp;P 500 could continue growing and reach 5/8 (4570.3).</p>
<p><img decoding="async" src="https://roboforex.com/uploads/roboforecast/roboforex_com/99/2023/Murrey/september/15/3.png" alt="S&amp;P500_H4" /><br />
<img decoding="async" src="https://roboforex.com/bundles/roboforecast/images/risk-warning/en.png" alt="Risk Warning: the result of previous trading operations do not guarantee the same results in the future " /></p>
<p>On M15, the lower boundary of the VoltyChannel is too far from the current price, so the decline might only be supported by a rebound from 4/8 (4531.2) on H4.</p>
<p><img decoding="async" src="https://roboforex.com/uploads/roboforecast/roboforex_com/99/2023/Murrey/september/15/4.png" alt="S&amp;P500_M15" /></p>
<p><strong>Article By <a href="https://roboforex.com/" target="_blank" rel="noopener"><u>RoboForex.com</u></a></strong></p>
<p><strong>Attention!</strong><br />
Forecasts presented in this section only reflect the author s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.</p>