The_Unwind

S+P 500 Major Reversal at 2929 After Fed Meeting

Short
SP:SPX   S&P 500 Index
S+P 500 has reversed short lived gains on 9/26 just past 2929 Resistance.
which upon breach, held like a rock, further quantifying 2929 as major resistance at that price level,
and is now dropping sharply into the close, below 2910 Support, after the Fed raised rates .25 %.today,

S+P 2900 will now be the next level of major support
as traders may sense this major reversal in the S+P this afternoon was significant.


THE_UNWIND
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.