Expert articles to improve your trading skills and market understanding
A comprehensive trading plan is the foundation of trading success, yet many traders skip this crucial step. Learn how to develop a complete trading plan and implement it using MetaTrader4's powerful tools...
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Technical Analysis
While most retail traders rely on standard indicators, professionals use custom tools that provide an edge. Discover the five custom indicators that could transform your trading approach...
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Risk Management
Market volatility tests even the most disciplined traders. Learn psychological techniques to remain composed and follow your trading plan even when markets become turbulent...
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Automation
Automating your trading strategy can eliminate emotional decisions and execute your plan with precision. This beginner-friendly guide walks you through creating a simple but effective Expert Advisor...
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Money Management
Proper position sizing is often overlooked, yet it's one of the most important aspects of successful trading. Learn multiple approaches to determine the perfect position size for your risk tolerance...
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S&P 500 Weekly Chart with Key Support and Resistance Levels
The S&P 500 is currently testing a major resistance level at 4,600 after bouncing from the 200-week moving average. Volume patterns suggest accumulation by institutional investors, while the RSI remains below overbought territory, indicating potential for further upside. Key support sits at the 4,400 level, which aligns with the 50-week moving average.
Traders should watch for a decisive break above 4,600 with increased volume, which could trigger a move toward the all-time high. Conversely, a rejection at current levels might lead to a retest of the 4,400 support zone.