Wednesday 17 October 2018

SPX S&P500: Rebounded from support and now at bottom end cloud chart resistance zone!

SPX S&P500: Rebounded from support and now at bottom end cloud chart resistance zone!

S&P500 index fighting the bottom end cloud chart resistance zone! Need to see a breakout past this level! Downside risk remain in place if the SPX remains below the cloud! That's overall negative!


Looking at the 60min chart, the SPX is fighting to get past bottom cloud chart resistance! Can see support come in at the 2762 zone and then a rebound from there!




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