Monday, 25 February 2019

S&P500: 2825 next key cloud chart resistance zone!

S&P500: 2825 next key cloud chart resistance zone!

Top end of the cloud on weekly chart is the next key resistance zone! Consolidation risk remain in place after this strong rally from old cloud chart support levels of 2364!

 



On the daily the back end cloud resistance level is around the 2825 zone. The S&P managed to break past 2771 cloud chart resistance. Index is up 347 points since the buy signal!

Consolidation risk remain high at these levels since we are now closer to the top end cloud chart resistance zone on weekly chart.

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