vlad.adrian

S&P following the Dow

INDEX:SPX   S&P 500 Index
101 0 0
The S&P             broke today the trendline drawn from the end of last year. Also, it broke the 100SMA, but as i highlighted, last two times when it was broken, the price moved back up ( i didn't consider the break at the beginning of the year because it was moving over and the 100SMA). We have a fib level close to today's close which might act as support. Although the S&P             has been making higher lows, the rsi has been acting differently, bouncing of the support line.

Resistance around 1700
Support the 200SMA
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