S&P500 Futures: Great rebound from key Cloud Chart support zone! Great news back above the top end of the Cloud! 4000 next key resistance zone to break past!
S&P 500 index futures rebounded from the 3548 Cloud Chart (CC) support zone! More recently managed to rebound from the front CC support zones of 3749! S&P500 also managed to break past top end CC resistance zone of 3957! Now it is at a critical zone to find support at. Need to see a follow-through rally above the cloud now. Outlook is back in bullish territory on the daily CC as long as the S&P500 stays above this support zone!
S&P500 index futures now need to break past the 4001/4042 old CC resistance zones!
On the weekly CC upside resistance targets are at the bottom end of the cloud at 4042 and 4161/4238 at the top end of the CC.
If support holds above the daily CC the rally can last up to the 4238 resistance zone!
No comments:
Post a Comment