Every technical player sees this V bottom with the inverse head and shoulder set up. We broke through resistance last week. We are right at the band high, but are not overbought using the RSI. There is a short term target to 2842.61 which active traders can use to take profits are for aggressive traders to take a counter trend short. A break of 2722 would indicate a top while there will be buyers around the 2785 area prior.
SPX daily chart review
stephenbalsam Uncategorized 1 Minute
Published by stephenbalsam
I have been trading electronic emini futures since they started . I have trained 100s in the method I use. This blog is just informational purposes and TRADE at your OWN risk! View all posts by stephenbalsam