TVC:SPX The Standard&Poor's Index
S&P 500 index is fast approaching critical of 2110-2120 levels.
- Struggle near 2100 despite sharp rebound from the low of 1191.7 indicates the index is going to have a hard time taking out critical of 2110-2120 levels.
- A day end closing above 2120 may not matter much as we channel resistance lined up around 2128 levels. Only a day end closing above the same would suggest continuation of the rally from February lows.