mfournier3

2720.. support, resistance

SPCFD:SPX   S&P 500 Index
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1
back in March, 2720 has been a magnet for SPX .The trendlines channel looks weak for SPX , but close to be oversold...

I have no opinion for now, but the lower trendline in an oversold area may show some support.
Comment: keep in mind, window dressing for the end of the quarter will start soon... for bonuses... 2700 should hold this week, and a significant bounce above the 2720 area is to be expected by friday.

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