Wednesday 13 September 2017

S&P500 Index broke past old high resistance zone

S&P500 Index broke past old high resistance zone;2490, but on average volume. Risk remain high here since the volume breakout is not significantly above average.

The S&P500 rebounded nicely after finding support at the top end cloud chart support zone. Taking some profit off the table here.  Looking for a follow-through of this breakout this week, fail that, then downside risk to top end cloud chart levels remain in place.


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