Weekly analytics- Forex Technical Analysis: Trend potential – Sell #SP500 now

#CAC40,weeklyTechnical observationFor the past few weeks this commodity has been rising towards a resistance 4987.7-4936.1, last week’s pair did not reach the zone but instead closed below it, I still expect more bullish rally towards the zone and a rejection within it for possible bearish momentum towards 4584.5.You can remain flat for now and wait for the pullback to 4987.7-4936.1 to sell this commodity within it with your take profit at 4584.5 and stop loss at 5166.4.In case of  a clear penetration below 4584.5, wait for a confirmation of further bearish momentum before you continue short with this commodity towards the lower support level marked at 4000.7.Trade recommendationRemain flat.#ESTX50, weeklyTechnical observationThe commodity on the weekly chart above is retracing towards a resistance zone 3281.3-3249.4, I expect a loss of this increasing bullish momentum within the above mentioned zone for possible downwards movement of #ESTX50 towards the support level at 2905.6.You can remain neutral and wait for the rise to 3281.3-3249.4 and a rejection within it to pick short positions with your take profit at 2905.6 and stop loss at 3392.8.Should there be a clear breach below 2905.6 then more bearish momentum of this commodity will be anticipated towards the lower support level 2647,Only short positions can be recommended.Trade recommendationRemain flat.#SP500,weeklyTechnical observationFollowing a bounce within the resistance zone 2596.4-2577.7, this commodity is now rallying bearish momentum and I expect a decline towards the support 2407.6 followed by either a breakout below it or a rejection at it. You can sell #SP500 right now within the above mentioned zone with your take profit at 2407.6 and stop loss at 2715.0, in case of a penetration below 2407.6, wait for a confirmation of further bearish momentum before you continue short with #SP500 with your ideal target at 2182.1, but should there be a rejection at 2407.6, wait for a correction to 2596.4-2577.7 and a bounce within it to re-sell #SP500.Trade recommendationSell #SP500 now with your take profit at 2407.6.BECOME FRESHFOREX ANALYST! 
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