SPX Index Weekly View - Consolidation Zone 2747-2831
Market has been rally over last 13 weeks since 26-Dec-2018.
People has been probably forget the fact 70% of time Market in fact in the Consolidation zone.
13 week also FIBO number that effectively marking the temporary peak of the last rally.
Market definitely will entering to a Consolidation Zone, and how long the consolidation will take,
Only market will Tell.
If Market Lost the Defend line 2747 Then the Consolidation Zone will become the Head of the Bear and Continue with A-B- "C" Wave of Down trend correction in Weekly View.
If Market break 2831 and Bull may continue it upside to retest historical high 2940.
In Short -
Week 20190325
This week Market is trying to hold 5 week MA. Price above 5 week MA still consider very bullish in longer view.
To See My Day View of SPX Trading Idea, Recommend you to Follow me and Click "Agreed" with me. Thank.
SPX
Always Trade with Cautious and
Happy Trading and Trade with Discipline and Follow Your TraderWorkFlow.
SPX
People has been probably forget the fact 70% of time Market in fact in the Consolidation zone.
13 week also FIBO number that effectively marking the temporary peak of the last rally.
Market definitely will entering to a Consolidation Zone, and how long the consolidation will take,
Only market will Tell.
If Market Lost the Defend line 2747 Then the Consolidation Zone will become the Head of the Bear and Continue with A-B- "C" Wave of Down trend correction in Weekly View.
If Market break 2831 and Bull may continue it upside to retest historical high 2940.
In Short -
Week 20190325
This week Market is trying to hold 5 week MA. Price above 5 week MA still consider very bullish in longer view.
To See My Day View of SPX Trading Idea, Recommend you to Follow me and Click "Agreed" with me. Thank.
SPX
Always Trade with Cautious and
Happy Trading and Trade with Discipline and Follow Your TraderWorkFlow.
SPX