SPX Bullish As Long As 2700-2735 Holds

Small wedge broke. Big wedge holds. Support is at 2735. Cloud support at 2700. Upper BB at 2800, mid-BB at 2733.

Simple thinking. Holding above 2730-2700 the chances favor bulls for at least a run towards 2800. The upper blue wedge boundary is at 2850. Break the blue wedge and the Daily cloud support, the price will be in danger of another February sell-off towards 2450. Do not get married to a single scenario and view. Be open to other scenarios and use the important support and resistance levels in your favor for the short-term.

Disclaimer: All persons and entities contributing to the content on this website, and their representatives, agents, and affiliates are not providing investment or legal advice on this website.Nor ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.